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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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FCPA: 2016 Year in Review & 2017 Enforcement Predictions

A review of trends and developments in FCPA as well as a look ahead into what to expect for 2017. This report aims at providing corporate leaders and companies with the knowledge they need to comply with the FCPA and avoid litigation in 2017.

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Tennessee Government Update - Recap of January 10 - 14, 2011

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January 14, 2011

Bill Haslam will take the oath of office as Tennessee's 49th governor tomorrow. Haslam's inauguration concludes a week of legislative organization during which Beth Harwell of Nashville was elected speaker of the House of Representatives, the first woman to be elected speaker of either house of the Tennessee General Assembly. Speaker Harwell then announced a rather thorough reorganization of committee officers and structure, appointing new committee chairs for all but two committees and eliminating most subcommittees.

In each of the houses of the legislature, Republicans control the body by almost two-thirds of the members. For the first time in Tennessee's history, Republicans control both houses of the General Assembly and the governor's office.

In the Senate, Ron Ramsey was re-elected speaker of the Senate. By virtue of that office, he is the state's lieutenant governor.

After having organized itself this week, the legislature will take a three-week recess. Thus, the House and Senate will reconvene on Monday evening, February 7, 2011. Sometime thereafter (the date has not been set), Governor Haslam will deliver his first budget address.

The General Assembly's Web site is a very good source of legislative information. Committee appointments for the House and Senate, profiles of legislators, bill filings and histories and streaming video of committee meetings and floor sessions can be found at www.legislature.state.tn.us/.

The deadline by which all bills must be filed has not been announced. We think it likely will be the week of February 28, 2011. Now is the time to prepare bills for filing and to procure bill sponsors.

As of the time of this writing, appointments to the following cabinet positions have not been announced: Education, Environment and Conservation, General Services, Health, Human Resources, and Labor. All other commissioners have been announced. Check the press releases at www.billhaslam.org for details.


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