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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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Anna Grizzle on Louisiana Wrongful Death Case for Modern Healthcare

Media Mentions

January 29, 2010

Anna Grizzle, attorney at Bass, Berry & Sims, is quoted in Modern Healthcare regarding a Louisiana wrongful death case against a hospital where backup generators failed in the 2005 aftermath of Hurricane Katrina.

The article by Gregg Blesch, titled "Weighing the Cost of Disaster; Trial Could Raise Stakes for Emergency Planning," appears in the January 25, 2010 edition.

From the article:

The case gained national attention in 2007 when the Louisiana Supreme Court decided the family could seek damages under general liability rather than limiting the lawsuit to the realm of medical malpractice, which in Louisiana would have capped damages at $500,000, with the hospital operator responsible for a fifth of that sum and the balance paid by the state Patient’s Compensation Fund, (Sept. 10, 2007, p. 12). "If you’re in a state with caps for malpractice cases, then a plaintiff may be looking for alternative theories that get them out from under those caps," said Anna Grizzle, a member of the law firm Bass, Berry & Sims. "The idea has been planted," she added. "The question is, will it ever take hold in a circumstance outside of Katrina?"

The case would be more likely to have a broad effect if the disaster involved were less extraordinary, Grizzle suggested. "Courts are often reticent to take a unique set of circumstances and to say, 'We're going to establish brand-new law here based on a once-in-a-lifetime event,' " Grizzle said.


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