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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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Labor Talk Blog: UPDATE: President Obama Poised to Sign Executive Order Barring Discrimination Based on Sexual Orientation

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July 24, 2014

On June 18, 2014, we reported that President Obama would sign an Executive Order prohibiting federal contractors from discriminating against LGBT individuals on the basis of their sexual orientation or gender identity. As promised, on July 21, Obama issued the Executive Order. This presidential action amended existing Executive Order 11,246, which applies to federal contractors, by adding sexual orientation and gender identity to the list of classes protected from employment discrimination. This move also amended existing Executive Order 11,478 by explicitly prohibiting gender identity discrimination by federal government agencies for the first time.

The ban on sexual orientation and gender identity discrimination, like the general prohibitions on race, sex and religious discrimination under Executive Order 11,246, will apply to any contractor with 10 or more employees. Currently, only 21 states and the District of Columbia prohibit employment discrimination based on sexual orientation, with only 17 of those states also banning gender identity discrimination in the workplace. Thus, the President's action likely will have the largest impact on small federal contractors (those not subject to the Office of Federal Contract Compliance Programs (OFCCP) affirmative action and reporting requirements) operating in states where sexual orientation and gender identity discrimination are not currently prohibited. These small federal contractors are advised to have a legal professional revise their nondiscrimination policies to be in compliance with this new Order.

If you have any questions or concerns regarding the effect of this Executive Order on your business or your current nondiscrimination policy, our attorneys are prepared to answer your questions and/or assist you in drafting a policy that complies with the new requirements.

For more Labor and Employment information, visit www.BassBerryLaborTalk.com.


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