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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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Privacy Perils: Sometimes I Feel Like Somebody's Watching Me

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August 19, 2016

Last year, the release of troves of user data from the infamous website Ashley Madison, a social networking service for individuals soliciting extramarital affairs, led us to caution you on the perils of sharing your personally-identifying data with a particular cause or organization (see our tip from October 30, 2015). However, individuals concerned about the privacy of their sensitive information have more to be concerned about than just the disclosure of their online philandering.

In a recent federal court case, a Florida man developed an allegedly "platonic" online relationship with a married Ohio woman. After becoming suspicious, the woman's husband installed a product on a home computer – possibly the wife's computer – known as WebWatcher, which allowed him to monitor her communications. According to the product's manufacturer, WebWatcher records all activity on a computer or mobile device, including emails, instant messages, websites visited, web searches, social media activity, and anything typed in real time, and then contemporaneously forwards this information to outside servers. A WebWatcher user then can remotely access and view copies of this information.

This case highlights the fact that your expectation and understanding of your privacy may be entirely inconsistent with reality. Any time you use a computer, smart phone, tablet, or similar electronic device – including your own or one owned by one of your friends or family members – that is neither physically secured nor password protected, the confidentiality of your communications and information is at risk. Unless adequately secured, you should assume that, if you can type it, someone can read it.

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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