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What colorful method does Claire Miley use to keep up with the latest healthcare regulations as they relate to proposed transactions? Find out more>

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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Securities Law Exchange BlogSecurities Law Exchange blog offers insight on the latest legal and regulatory developments affecting publicly traded companies. It focuses on a wide variety of topics including regulation and reporting updates, public company advisory topics, IPO readiness and exchange updates including IPO announcements, M&A trends and deal news.

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Employment Law Changes Effective July 1

Events

July 29, 2014

Bass, Berry & Sims attorney Tim Garrett is presenting to the Tennessee Bar Association via webcast on July 29. Tim will discuss the following changes in Tennessee employment laws that took effect July 1, 2014:

  • No individual liability of supervisors or managers in discrimination claims; only the “employer” can be sued for discrimination;
  • Caps on non-monetary damages (pain, suffering, humiliation, embarrassment) in discrimination claims; caps do not limit back-pay or front-pay;
  • Preemption of common law "whistleblower" claims; such retaliation claims can be brought only under the Tennessee Public Protection Act, with its "sole cause" standard;
  • Clarifications that the Tennessee Disability Act, like the Tennessee Human Rights Act, applies to employer with eight or more employees and that a person cannot be pursuing two cases at the same time (one in state court and one in federal court) based on the same set of facts.

For more information and to register for the webcast, click here.


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