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After a successful career spanning 40-plus years, what advice would John Stemmler give to a new 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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Thought Leadership

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Healthcare Transactions: Year in Review 2016Healthcare transactional activity continued unabated throughout 2016, continuing a years-long trend of sustained growth. A number of factors have driven providers to consolidate in an effort to expand access to services and products while taking advantage of increased capital and economies of scale. Our team provided a recap of notable transactions from 2016.

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Terry Clark Quoted on Federal Circuit Infringement Decision by Law360

Media Mentions

August 14, 2015

Bass, Berry & Sims Intellectual Property Litigation Chair Terry Clark was quoted in an article about the Federal Circuit's August 13 en banc decision to restore a $45.5 million jury verdict in Akamai v. Limelight.

Terry told the publication that "in upholding infringement in this case, the Federal Circuit looked at objective circumstances, such as the standard contract executed by Limelight customers, the company's distribution of materials, as well as its installation guidelines, rather than looking at evidence of intent or whether there were substantial noninfringing uses."

"On the defense side, the court has made it more difficult to draw the line between evidence we would be asserting in defense of direct infringement as opposed to indirect infringement," he said. "It's unclear what would be the best defense." The complete article, "Limelight Case Widens Scope of Direct Infringement," is available to subscribers here.


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