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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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Paige Mills Cautions Against Use of Social Media in IP Infringements Cases

InsideCounsel.com

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July 22, 2016

Bass, Berry & Sims attorney Paige Mills authored an article that was published by InsideCounsel about how using social media as a defense tactic in intellectual property (IP) infringement disputes can often backfire and create new problems for the alleged infringer. "When faced with a claim of intellectual property infringement, rather than litigate in court, which is expensive and slow, the alleged infringer or junior user tries to sway public opinion by using social media to paint the brand owner as a trademark bully," explains Paige. By doing so, the junior user hopes to force the brand owner to consider a quick and more favorable settlement than otherwise would have been likely. 

Although several junior users have had success using these tactics to paint brand owners as bullies, including Chick-fil-A (for trying to stop the use of "Eat More Kale" for t-shirts by an artist in Vermont), the U.S. Olympic Committee (for trying to stop an online knitting community from holding the "Ravelympics") and Proctor & Gamble (for trying to stop the use of "Willa" for pre¬teen skin care products made by an entrepreneurial mom), this tactic can often be dangerous. In the article, Paige explains the downside to this approach and the various arguments the junior user may use in defending this strategy. 

The full article "Using Social Media to Defend Against the Trademark Bully" was published by InsideCounsel.com on July 19, 2016, and is available online or in the PDF below.

This content is part of a series of articles focused on intellectual property issues published by InsideCounsel.com and authored by Bass, Berry & Sims attorneys. Click the links below to read other articles in the series.

Download Document - InsideCounsel (July 19, 2016)

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