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Attorney Spotlight

Learn about Richard Arnholt's diverse government contracts practice and why he chose to pursue a career in the legal field. Read more>

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In June 2017, Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) closed a $1.9 billion merger with BNC Bancorp (NASDAQ: BNCN) pursuant to which BNC merged with and into Pinnacle. With the completion of the transaction, Pinnacle becomes a Top 50 U.S. Bank. The merger will create a four state footprint concentrated in 12 of the largest urban markets in the Southeast. 

Bass, Berry & Sims has served Pinnacle as primary corporate and securities counsel for more than 15 years and served as counsel on the transaction. Our attorneys were involved in all aspects related to the agreement, including tax, employee benefits and litigation. 

Read more details about the transaction here.

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Regulation A+

It seems that lately there has been a noticeable uptick in Regulation A+ activity, including several recent Reg A+ securities offerings where the stock now successfully trades on national exchanges. In light of this activity, we have published a set of FAQs about Regulation A+ securities offerings to help companies better understand this "mini-IPO" offering process, as well as pros and cons compared to a traditional underwritten IPO.

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Labor Talk Blog: California Passes Tighter, Statewide Restrictions on Smoking in the Workplace

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July 15, 2016

California recently amended state law with regards to smoking in the workplace. The bill, which was signed by the governor on May 4, 2016, is intended to "prohibit the smoking of tobacco products in all (100 percent of) enclosed places of employment in this state . . . eliminating the need of local governments to enact workplace smoking restrictions." The former law had not applied to employers with five or fewer employees and had allowed employers to permit employees to smoke in the company break room. It had also exempted several types of workplaces and enclosed spaces from coverage, including hotel lobbies, banquet rooms, bars, taverns, and warehouses.

The new amendment eliminates nearly all of these exceptions. The law now specifically provides that an employer or owner-operator of an owner-operated business may not knowingly or intentionally permit, and may not engage in, the smoking of any tobacco products at any "place of employment" or "enclosed space." This includes the smoking of any e-cigarette or vapor product and applies to all employers that are open to the public, even if the business has no employees (but is instead run solely by the owner). An "enclosed space" also now includes "covered parking lots, lobbies, lounges, waiting areas, elevators, stairwells, and restrooms that are a structural part of the building."

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To continue reading the content in this article on the firm's Labor Talk blog, please click here to view the post.

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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