NEW YORK, April 16 /PRNewswire/ -- Lazard announced today that David S.
Kurtz has joined the firm as a managing director. Mr. Kurtz previously served
as a partner in the Corporate Restructuring Department of Skadden Arps Slate
Meagher & Flom, LLP's Chicago office. Mr. Kurtz will be based out of Lazard's
Lazard, through its restructuring group, is the leading investment bank
providing financial advisory services to troubled companies around the world.
Among the firm's restructuring clients are Owens Corning, Armstrong World
Industries, Kaiser Aluminum, Fruit of the Loom, Loews Cineplex Entertainment,
360networks, Formica, and National Steel. Lazard's European clients include
Marconi and United Pan-Europe Communications. Lazard's Asian clients include
Daewoo and Hyundai Engineering & Construction, and Anaconda Nickel in
Kenneth Jacobs, Deputy Chairman of Lazard and Head of Lazard in the United
States, said, "David is one of the finest corporate restructuring and
bankruptcy advisors in the nation. He will be a strong addition to Lazard and
our restructuring practice."
Barry Ridings and Terry Savage, co-heads of Lazard's restructuring group
said, "Over the years we have had the pleasure of working with David, and he
has provided astute legal counsel and advice to his clients in complex
reorganizations and restructurings. We are pleased David is now shifting his
focus and creativity to the financial advisory side of restructurings here at
Mr. Kurtz said, "Lazard has an ideal platform for today's restructuring
work -- increasingly dominated by cross-border complexities, multinational
creditors and merger and acquisition solutions. I look forward to being part
of Lazard's financial advisory team and building upon the experience I gained
after 22 years as an attorney."
Mr. Kurtz has served as lead company counsel in several of the largest
corporate restructurings of the past decade, including McLeodUSA, Polaroid,
Safety-Kleen, ICG Communications, Montgomery Ward, Trans World Airlines,
Washington Group International, Favorite Brands International, Philip Services
Mr. Kurtz, 47, was named by "The American Lawyer" magazine as its
"Bankruptcy Dealmaker of the Year 2000." Mr. Kurtz received a B.A. from Case
Western Reserve University and a J.D. from Case Western Reserve University
School of Law.
Lazard, the world's preeminent advisory investment bank, is present in
15 countries throughout the world. Lazard provides international financial
advisory services and global transaction execution to corporations,
partnerships, institutions, governments, and individuals. Services include
mergers and acquisitions, restructurings, asset management, capital markets
execution, real estate investment banking, and alternative investment