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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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Eli Richardson Comments on Supreme Court's Speedy Trial Ruling

Law360

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May 20, 2016

Bass, Berry & Sims attorney Eli Richardson provided comment to Law360 for an article outlining the impact of the Betterman v. Montana decision, in which the Supreme Court ruled the Sixth Amendment right to a speedy trial does not apply to the sentencing phase of criminal proceedings. As Eli points out in the article, 

Betterman represents a welcome resolution of a split among lower courts as to whether the Speedy Trial Clause applies to the timing of sentencings. In answering the question with a resounding 'no,' the court relied on straightforward and uncontroversial (albeit disputable) arguments. Thus, Betterman delivers no big surprise in its result or its reasoning. Perhaps its legacy will be its concurrences, which suggest that future complaints about delays in sentencing be brought as due process claims. This makes sense, as the Due Process Clause has the flexibility, which is simply lacking in the Speedy Trial Clause, to apply to sentencings.

The full article, "Attorneys React To High Court's Speedy Trial Ruling," was published by Law360 on May 19, 2016, and is available online.


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