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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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William Ozier Discusses the Fair Labor Standards Act for Nashville Medical News

Media Mentions

February 10, 2010

William Ozier, attorney at Bass, Berry & Sims, is quoted regarding the Fair Labor Standards Act, the standard practices most hospitals use for tracking employee time, and recommendations for hospitals in Nashville Medical News. The article by Sharon H. Fitzgerald, titled "Three Nashville-Area Hospitals Sued for Meal Break Compensation" discusses recent suits against area hospitals contending that automatically excluding meal breaks from employees' compensated hours may be in violation of the Fair Labor Standards Act, and appears in the February edition.

From the article:

William N. Ozier, attorney with Bass, Berry & Sims, said most hospitals track employees' time with a Kronos™ or similar system for clocking in and out. Most use the automatic deduction rather than requiring employees to clock out for a meal break and clock back in, since many times employees forget in the midst of their busy days. Using a Kronos-like system, employees slide a card similar to a credit card through the machine, and should hold down a button when they clock out if they worked through the meal break. "The instructions are very clear on these terminals," said Ozier, who is VUMC counsel for that suit and who also agreed to talk to Nashville Medical News generally about the issue. He added that there's usually an opportunity for employees to also inform an administrator if their time card doesn't reflect the number of hours worked.

Encouraging supervisors to be open to employees who need to change their recorded hours worked was a recommendation to hospitals by both Stevens and Ozier.


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