Houlihan Lokey is trading 21.38% up at $159.07 in after-hours trading, after closing at $131.05 on September 22, 2026; no definitive catalyst was identified. - The company announced Prabha Sipi Bhandari’s appointment as chief legal officer. - Bhandari will oversee global legal and compliance activities and serve as corporate secretary; no source explicitly linked the announcement to the unusually large after-hours move. - No earnings release or other definitive catalyst was identified.