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Find out how Gardner Bell's experience promoting financial and economic development initiatives both locally and abroad informs his role as an attorney. 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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Bass, Berry & Sims Releases its First Annual Report on Healthcare Fraud and Abuse Trends

April 2, 2013

Nashville, Tenn. (April 2, 2013) - Bass, Berry & Sims PLC announced today the release of their first Healthcare Fraud and Abuse Review, which provides analysis of last year's healthcare fraud and abuse activity and the cases to watch in 2013.

The Healthcare Fraud and Abuse Review highlights the issues that are top-of-mind for the healthcare community, particularly the significant enforcement trends and legal developments in healthcare in 2012. The Review also provides analysis of last year's settlements from across all sectors of the healthcare industry.

The lawyers in Bass Berry's Compliance and Government Investigations Practice Group expect the coming year will see a continued focus and devotion of resources by the federal government to combatting healthcare fraud and abuse. According to the U.S. Department of Justice (DOJ), 2012 saw another record-setting recovery by the federal government in its efforts to combat healthcare fraud and abuse across the country.

"Last year saw a further increase in both the number of lawsuits and the amount of money recovered in healthcare fraud and abuse cases," said Matthew Curley, member in the firm's Compliance and Government Investigations Practice Group, which is focused on the healthcare industry. "The DOJ has reported remarkable numbers and those numbers will surely increase in the 2013."

Last year alone, the DOJ announced the recovery of $4.9 billion in settlements and judgments in civil cases involving fraud against the government. This recovery amount has continued to increase over the last five years, showing a trend of amplified litigation and penalties in this area.

The Healthcare Fraud and Abuse Review assists healthcare executives in staying abreast of legal developments and offers insight as to what providers may see in the coming year. This inaugural edition of the Review launches what is planned to be an annual report.

About Bass, Berry & Sims PLC
With more than 200 attorneys representing numerous publicly traded companies and Fortune 500 businesses, Bass, Berry & Sims PLC has been involved in some of the largest and most significant business transactions and litigation matters in the country. Bass Berry’s experienced healthcare lawyers understand both the business and politics of the industry and bring a deep understanding of not only the legal issues but also the operational and management issues an organization faces during a healthcare fraud and abuse case. For more information, visit www.bassberry.com.


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