Lazard MD Fired for Inappropriate Behavior Buys $7m House
Lazard has fired Reid Snellenbarger, its Chicago-based co-head of restructuring and capital solutions, following allegations of inappropriate behavior at a party. Snellenbarger, who was hired from Houlihan Lokey in April, recently purchased a $7 million home on Lake Geneva. The details of the alleged infraction are still unclear, but there are unconfirmed reports that interns may have been present at the party. Lazard may now need to find a new head of restructuring, although it had already hired Sanjeev Khemlani as a co-head alongside Snellenbarger.