These days in Silicon Valley, a law firm scoring several million bucks from a client investment is hardly news. But more than $20 million? For one lawyer? Now we’re talking real money!
The lucky winner is Craig Johnson, founder of Menlo Park’s Venture Law Group and one of the Silicon Valley’s most entrepreneurial lawyers. Johnson’s windfall comes from his stake in SnapTrack, Inc., a privately held company that was bought by Qualcomm Incorporated in March for $1 billion. According to securities filings made March 21 when Johnson’s Qualcomm stock was registered for sale, he received roughly 146,000 Qualcomm shares for his Snaptrack equity. At that time, the stock was valued at nearly $22 million, though as of April 14 it was worth just $15.3 million.
This content has been archived.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]