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Attorney Spotlight

After a successful career spanning 40-plus years, what advice would John Stemmler give to a new attorney? Find out more>


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Experience Spotlight

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

Healthcare Transactions: Year in Review 2016Healthcare transactional activity continued unabated throughout 2016, continuing a years-long trend of sustained growth. A number of factors have driven providers to consolidate in an effort to expand access to services and products while taking advantage of increased capital and economies of scale. Our team provided a recap of notable transactions from 2016.

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Thad McBride Co-authors Article on Creating a Culture of Compliance within a Company

ACC Docket


January 19, 2016

Bass, Berry & Sims attorney Thad McBride, who heads the firm's international trade group, collaborated with Ernie Edgar, North American general counsel and chief compliance officer for Atkins, to co-author the article "Tone at the Top, Culture of Compliance, and the Yates Memo." The article was the feature article in the January/February 2016 issue of ACC Docket.

In the article, Thad and Ernie underscore the need for companies to create a strong culture of compliance, particularly in light of the Yates Memo and the U.S. government's corresponding emphasis on prosecuting individual wrongdoers. In particular, Thad and Ernie suggest that organizations can develop an effective compliance culture through steps such as the following:

  1. Prepare and circulate a clear statement of management commitment to compliance bolstered with tangible examples of that commitment.
  2. Empower senior staff to become compliance champions.
  3. Embed compliance in business processes.
  4. Train personnel.
  5. Engage personnel.
  6. Reward compliance successes – visibly.
  7. Penalize compliance mistakes – visibly.

The full article, "Tone at the Top, Culture of Compliance, and the Yates Memo" is available on the ACC Docket website or the PDF below.

Download Document - ACC Docket (January/February 2016)

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