The stock market’s summer doldrums have made the icing a little less sweet for Silicon Valley lawyers awaiting stock distributions from firm investment pools.
Lawyers at Cooley Godward, for example, are currently divvying up about $525,000 in Lycos Inc. stock that last month was worth $1.6 million when shares were trading at $107 each. Cooley ended up with Lycos stock because it had invested in Wired Online, which Lycos acquired. Lycos closed Thursday at $35 a share.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]