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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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Thought Leadership

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Thought Leadership Spotlight

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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David Thornton Comments on Impact of Section 1557 of ACA

The Commercial Appeal

Media Mentions

August 8, 2016

Bass, Berry & Sims attorney David Thornton provided insights for an article in The Commercial Appeal outlining details of Section 1557 of the Affordable Care Act, a newly implemented provision prohibiting discrimination on the basis of sex, including those related to gender identity and gender stereotyping, and increasing access to healthcare for people with disabilities, including those with limited English-speaking ability. Under Section 1557, it is now a violation of federal civil rights law for any healthcare practice, entity or insurer that receives federal funds to discriminate against patients on the basis of sex, race, color, national origin, age or disability. As David points out in the article, Section 1557, "created private right of actions where an individual could actually bring a lawsuit alleging violation of this law and seeking damages."

The full article, "Affordable Care Act Rules Arrive to Combat Health Care Discrimination in Memphis," was published by The Commercial Appeal on August 6, 2016, and is available online.


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