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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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A resource for employers featuring original and insightful commentary and review on important articles, cases and laws that affect the complicated and constantly changing labor industry or workplace.

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Bass, Berry & Sims Represents Ruby Tuesday Inc. in Shareholder Class Action

Media Mentions

April 16, 2015

Bass, Berry & Sims attorneys Britt Latham and Joe Crace, along with lawyers at Shearman and Sterling, are representing Ruby Tuesday Inc. in a shareholder class action. The suit stems from allegations the company lied about its performance during a six-month period in 2013, including representations regarding a secondary restaurant chain owned by the company. Ruby Tuesday filed a motion to dismiss the suit in February, claiming that shareholders failed to prove that the restaurant or its executives made any false or misleading statements and that the company made no effort to conceal its poor performance.

Law360 provided analysis of the case in the April 15, 2015 article "Simple Fraud Is Still Fraud, Ruby Tuesday Investors Say."  To read the full article, click here.


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