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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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Janelle Waack Comments on Proposed Solo Administrative Patent Judge Determinations for Institution of PTAB Inter Partes Reviews

Media Mentions

August 27, 2015

Bass, Berry & Sims attorney Janelle Waack provided comment for a Law360 article outlining the pros and cons of the U.S. Patent and Trademark Office's plan for a pilot program to test institution of inter partes reviews (IPRs) based on decisions by a single administrative patent judge. The pilot program would replace the current three-judge panel method currently in use by the Patent Trial and Appeal Board (PTAB) and help better manage the rising number of petitions received and expedite the decision-making process. However, as Janelle points out in the article, there is no appellate review of decisions to institute IPRs by the Federal Circuit so the patent system may be better served by having a panel of three PTAB administrative patent judges make those decisions. "There's a potential for one judge to be biased one way or another, either in favor of instituting reviews or not instituting them, and having three judges debate the issues ensures better results."

The full article, "One-Judge Decisions Will Help PTAB Cope With AIA Flood," was published by Law360 on August 26, 2015 and is available online.


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