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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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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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Privacy Perils: Just How Secret is Your Ballot?

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April 29, 2016

Various news sources have reported recently that software security firm Symantec determined presidential primary mobile apps – both the official campaign apps and those unaffiliated with a particular campaign – can place at risk the confidentiality of sensitive user information. For instance, data such as user location, unique phone ID number, names and contact information of a user's friends, and details of a user's other apps have all been harvested or targeted. At least one presidential campaign has defended the gathering of certain information, taking the position that it has been voluntarily shared by the app user, and details of the collection and use of the gathered information can be found in separate online disclosures.

The takeaway? In today's world, you should recognize the possibility that nearly any phone app can gather and use your stored personal information.

Privacy Perils imageCheck out our series, Privacy Perils, to learn what steps you can take to guard your personal and company data. For more information about this topic and other cyber security concerns, please contact Bob Brewer, Tony McFarland, Elizabeth Warren or a member of our Privacy & Data Security team.

 


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