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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: EEOC Alleges in Two Lawsuits That Title VII Prohibitions Extend to Sexual Orientation Bias

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March 3, 2016

The EEOC recently announced two new lawsuits it has filed alleging that employers have violated Title VII's protections against gender bias to include prohibitions against sexual orientation bias. The lawsuits are not very surprising in light of the EEOC's position last July, in Baldwin v. Department of Transportation. There, in a case involving a federal employee, the EEOC took the position that discrimination against a person based on sexual orientation is, by its nature, discrimination on the basis of sex.

These lawsuits, filed in Pennsylvania and in Maryland, allege that the employers being sued violated Title VII based on allegations of harassment against their employees based on the employees' sexual orientation. The lawsuits will place this question squarely before the federal courts: Does Title VII's prohibition of sex discrimination include a prohibition of sexual orientation discrimination? Historically, both the EEOC and federal courts have interpreted Title VII's protections against sex discrimination as not including protections against sexual orientation bias. Since the EEOC's announced position in July 2015, some courts have begun to accept the EEOC's view, while other courts have continued to refuse to do so.

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Bass, Berry & Sims' Labor Talk blog features news, commentary and insights on the complicated and constantly changing labor and employment laws affecting employers.


 


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