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In addition to Mark Manner's busy corporate legal practice, he has established himself as a respected and avid astronomer. Read more>

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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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Blueprint for an IPO

Companies go public to raise capital to fuel growth, pay down debt and provide liquidity to shareholders. Although all issuers and offerings are different, the basic process of going public remains relatively constant. Blueprint for an IPO identifies the key players, details the process and identifies the obligations companies will face after going public.

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Tony McFarland Outlines 4 Steps Companies Can Follow for a Strong Cybersecurity Program

The Corporate Counselor

Publications

July 6, 2017

In the wake of the May 2017 WannaCry ransomware attack, Bass, Berry & Sims attorney Tony McFarland authored an article in which he outlined a four-step plan that companies can undertake to establish a strong cybersecurity program. "Corporate counsel who understand cyber risk and mitigation measures are in a prime position to ensure that leadership at all levels communicates and reinforces that message throughout the company," Tony noted. The WannaCry attack is an urgent reminder for businesses to ensure resources are invested in a strong cybersecurity program; these four steps will help establish a cybersecurity plan and ease the stress of sifting through the increasing number of cybersecurity warnings and recommendations.

  • Step 1 – Training: Businesses should administer ongoing cybersecurity training to employees, extending from senior management to new hires. 
  • Step 2 – Maintaining the cybersecurity program: Administrators should sustain the established cybersecurity program by applying software updates, and ensuring appropriate firewalls and intrusion detection systems are in place. 
  • Step 3 – Testing the program: Businesses should undergo regular third-party and internal penetration testing to detect security issues and to raise cybersecurity awareness, as well as cast fake phishing emails to its own employees. 
  • Step 4 – Repeating the steps: This ensures good cybersecurity practices are continued as cyber threats evolve, regulations change and new testing methods develop. 

The full article, "Cybersecurity After WannaCry," was published by ALM's The Corporate Counselor on July 1, 2017, and is available online (subscription required) or the PDF below.

Download Document - The Corporate Counselor (July 1, 2017)

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