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What colorful method does Claire Miley use to keep up with the latest healthcare regulations as they relate to proposed transactions? 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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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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Labor Talk Blog: NLRB Regional Director Finds that Scholarship Football Players at Northwestern are Employees, not "Primarily Students" and Orders Union Election

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March 26, 2014

Readers of this blog will recall our post on January 30 of this year, found here, regarding the effort by certain Northwestern University football players to unionize scholarship players on the team. Many pundits (including this one) predicted that even this National Labor Relations Board (NLRB) would not find that the players were employees. Wrong (at least so far)!

After a recent hearing, the Regional Director of the NLRB found that the scholarship players are, in fact, employees. The Regional Director found that the scholarship players are not "primarily students" of the university. One prediction this writer still believes will hold true — this issue will continue a reflective analysis of the primary role of major college athletics in this country. As mentioned, the College Athletes Players Association (CAPA), the union affiliated with the Steelworkers and attempting to organize the players, is targeting primarily the Division I football and basketball players. That is where the largest commercialization in college sports has occurred.

Stay tuned – more analysis (and a likely appeal of the Regional Director's decision) to come.


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