DEFINING SUCCESS - Wyatt Tarrant & Combs LLP
DEFINING SUCCESS - Wyatt Tarrant & Combs LLP
DEFINING SUCCESS - Wyatt Tarrant & Combs LLP
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WYATT TARRANT & COMBS <strong>LLP</strong><br />
<strong>DEFINING</strong> <strong>SUCCESS</strong><br />
2011 YEAR IN REVIEW<br />
THIS IS AN ADVERTISEMENT
2011 YEAR IN REVIEW<br />
LOUISVILLE.KY<br />
PNC Plaza<br />
500 West Jefferson Street<br />
Suite 2800<br />
Louisville, KY 40202<br />
502.589.5235<br />
LEXINGTON.KY<br />
250 West Main Street<br />
Suite 1600<br />
Lexington, KY 40507<br />
859.233.2012<br />
NASHVILLE.TN<br />
2525 West End Avenue<br />
Suite 1500<br />
Nashville, TN 37203<br />
615.244.0020<br />
MEMPHIS.TN<br />
1715 Aaron Brenner Drive<br />
Suite 800<br />
Memphis, TN 38120<br />
901.537.1000<br />
NEW ALBANY.IN<br />
120 West Spring Street<br />
Suite 300<br />
New Albany, IN 47150<br />
812.945.3561<br />
JACKSON.MS<br />
4450 Old Canton Road<br />
Suite 210<br />
Jackson, MS 39211<br />
601.987.5300
FROM THE MANAGING PARTNER<br />
How do you define success?<br />
Bill Hollander - Managing Partner<br />
For all of us at <strong>Wyatt</strong>, it is what we accomplish for<br />
our clients – the problems we solve, the transactions<br />
we close, the advice we are trusted to give.<br />
When we help our clients achieve their goals, we<br />
are successful.<br />
This publication, our sixth “Year in Review,” spotlights<br />
17 clients we were privileged to represent<br />
in 2011. Our new website collects many of the<br />
client stories we have told in these pages over<br />
the last six years and keeps the focus on our<br />
clients.<br />
We trace our roots to a firm started 200 years<br />
ago, in 1812. A lot has changed since then, but<br />
our commitment to our clients and our delight in<br />
their successes is enduring. We hope you enjoy<br />
these new stories and all of our client profiles at<br />
www.wyattfirm.com.
HYDRATREK<br />
Conceived as the sportsman’s ultimate dream machine, the Hydratrek® amphibious vehicle traverses<br />
land, water, sand, mud, marsh and swamp – and transitions between them with ease.<br />
Following the aftermath of Hurricane Katrina, the Gulf oil spill and massive Mississippi River flooding<br />
in Memphis, this remarkable amphibious vehicle proved to be just short of miraculous for search<br />
and rescue missions and coastal clean-up activities. What’s more, the rubber track system and the<br />
light weight of the Hydratrek® vehicle significantly reduce environmental impact – the vehicle does<br />
not uproot vegetation – making it ideal for pipeline construction, surveying, wildfire suppression and<br />
the like. The Hydratrek® vehicle is also perfectly adapted for utility infrastructure work, oil sands<br />
mining, and other mining-related projects.<br />
Able to trek up and down steep inclines, through heavy mud, woodlands, water and natural disaster<br />
zones, the Tennessee-made Hydratrek® amphibious vehicle is now being used in 17 states,<br />
Australia, Canada, and Saudi Arabia.<br />
<strong>Wyatt</strong> assists Hydratrek® with obtaining protection for its intellectual property, including securing<br />
multiple patents protecting Hydratrek’s revolutionary vehicle and drive system.
SEMMES-MURPHEY<br />
LEARNING HOUSE<br />
The complex intricacies of the human brain, spinal<br />
cord and nerve network are the expert domain of the<br />
Semmes-Murphey Neurologic & Spine Institute in Memphis,<br />
which marks its centennial anniversary in 2012.<br />
Semmes-Murphey’s well-regarded team of neurosurgeons,<br />
neurologists, neuropsychologists, physiatrists,<br />
anesthesiologists and interventional neuroradiologists<br />
work on illnesses or injuries ranging from migraine headaches<br />
and sleep disorders to spinal cord and traumatic<br />
brain injuries. In August, a Semmes-Murphey team assisted<br />
in the remarkable and successful separation of<br />
infant twins, joined at the pelvis and lower spine, at a<br />
pediatric hospital in Memphis.<br />
Recognized by referring physicians both nationally and<br />
globally, Semmes-Murphey continues to lead in the development<br />
of improved neurological technologies and<br />
procedures, and freely shares its knowledge through<br />
hands-on teaching of medical personnel in Memphis<br />
and around the world.<br />
If your 20-something daughter says she’s been Moodling a lot lately,<br />
be happy. It means she’s been studying and learning college course<br />
material online, from her own computer, at times that suit her.<br />
And it’s possible that her curriculum was developed by The Learning<br />
House, Inc., a Louisville-based company that helps independent colleges<br />
build online “distance learning” programs for their students. With<br />
a content library of more than 250 courses, Learning House works<br />
with schools to develop high caliber online curriculum, manage student<br />
recruiting, enrollment and retention, customize technology for seamless<br />
systems interface, provide faculty training and development, and<br />
deliver 24/7 support to both students and instructors.<br />
With more than 100 partner schools, Learning House is a high-growth<br />
company, earning a spot three years running on Louisville’s Business<br />
First “Fast 50,” and nationally on the Inc. 5000 list for the past two<br />
years.<br />
<strong>Wyatt</strong> has served as counsel to Learning House for the last four years,<br />
from the initial acquisition and capital raise to the expansion of the business<br />
and the recent sale to Weld North.<br />
<strong>Wyatt</strong> assists Semmes-Murphey on all of its corporate,<br />
regulatory and contracting matters.
MODERN MARKETING CONCEPTS<br />
Nostalgia sells – especially when wrapped around the latest electronics.<br />
Just ask Modern Marketing Concepts, a Louisville company which manufactures<br />
replica Crosley radios, jukeboxes and turntables with gleaming, handrubbed<br />
mahogany casings and bronze faceplates that conceal high-tech radios,<br />
CD players, iPod docks and USB ports for converting vinyl discs into MP3<br />
files. From the 1932 classic “Cathedral” radio like the one the Waltons gathered<br />
around, to a rockin’ ’50s chrome beauty reminiscent of a vintage Chevy, the<br />
Crosley line has a retro look for every taste, but is equipped with the latest in<br />
sound technology.<br />
Modern Marketing Concepts partners with big box retailers such as Target and<br />
Sears, department stores such as Belk, Bon-Ton and Dillard’s, mail order/specialty<br />
retailers such as Brookstone, Frontgate and Herrington, and numerous<br />
online retailers to bring these unique products to consumers.<br />
<strong>Wyatt</strong> represents Modern Marketing Concepts in a variety of matters, including<br />
protection of its valuable intellectual property.
LIFEPOINT<br />
Its stated mission is to make communities healthier – and LifePoint Hospitals is<br />
as good as its word.<br />
When the Nashville-based hospital company acquired Clark Regional Medical<br />
Center in Winchester, Kentucky last year, it pledged $60 million to build a stateof-the-art<br />
facility. That pledge is nearly fulfilled. The 132,000-square-foot, 79-bed<br />
facility is slated to open early in 2012, equipped with sophisticated diagnostics,<br />
medical technologies, emergency and obstetrical facilities, operating rooms,<br />
information systems and patient amenities.<br />
Even the environment will be<br />
healthier. The building’s ecological design incorporates an energy-efficient<br />
geothermal heating and cooling system.<br />
Operating 54 hospitals in 18 states, LifePoint is the sole hospital provider in most<br />
of its communities, underscoring its commitment to bring quality healthcare<br />
close to home.<br />
<strong>Wyatt</strong> served as counsel to Clark Regional Medical Center in its sale to LifePoint<br />
and has represented LifePoint on certificate of need and licensure matters for<br />
many years.
CRACKER BARREL<br />
A haven for home-cooked meals in a fast-food world, Cracker<br />
Barrel Old Country Store® got its start in 1969 in rural Tennessee<br />
as one man’s remedy for the road-weary traveler. Combining<br />
a menu of home-style favorites with the nostalgic appeal of an<br />
old country store, the restaurant struck a resounding chord with<br />
customers hungry for delicious food, genuine hospitality and<br />
honest value.<br />
Four decades later, that first Cracker Barrel has been carefully<br />
replicated over 600 times in 42 states. Customers step from<br />
the fast pace of the present into the sweet comfort of the past,<br />
surrounded by big jars of candy, homemade jams, cast-iron<br />
cookware, toys, figurines and all manner of country-style gifts.<br />
And the food – hand-made mashed potatoes, biscuits and gravy,<br />
meatloaf, chicken n’ dumplings – recalls the family table, where<br />
Mom served up the bounty of the harvest.<br />
<strong>Wyatt</strong> represents Cracker Barrel by protecting its interests in<br />
areas ranging from intellectual property to commercial business<br />
matters.
BONNIE PLANTS<br />
OWINGS PATTERNS<br />
When Bonnie and Livingston Paulk planted two pounds of cabbage<br />
seed in their Alabama back yard in 1918, they hoped for a<br />
little extra income to help survive the winter.<br />
It was fertile ground. Today, Bonnie Plants is the nation’s largest<br />
grower of vegetable starter plants, raising hundreds of varieties at<br />
70 facilities in 40 states. Part of the Alabama Farmers Cooperative,<br />
Bonnie Plants grows all its vegetables, herbs and flowers in biodegradable<br />
pots made from recycled paper and peat moss, and<br />
distributes them nationwide through retailers such as Home Depot,<br />
Lowes and Kmart.<br />
Bonnie Plants donates the bounty raised in its test beds, and last<br />
year shared nearly seven tons of fresh produce with its neighbor<br />
communities. It also distributes more than a million free cabbage<br />
plants to third-grade classrooms each year, inspiring a love of gardening<br />
in the youngsters who grow jumbo-sized cabbages.<br />
<strong>Wyatt</strong> assisted Bonnie Plants in protecting its financial interests in growing<br />
operations in Kentucky with a precedent-setting victory in court.<br />
From pulleys and packaging to dashboards and drills, all manufactured items<br />
are made from patterns. But who makes the patterns in the first place?<br />
Companies like Owings Patterns, Inc., which crafts wood, metal and plastic<br />
patterns for the foundry industry. Recently relocated to spacious new quarters<br />
in Sellersburg, Indiana, the company’s engineers and skilled craftsmen<br />
create patterns and prototypes for all manner of intricate, manufactured<br />
parts. The company also produces thermo-formed plastic parts and packaging<br />
tooling.<br />
The burgeoning business needed room to grow, so in December Owings<br />
Patterns moved into its new, expanded facility, investing some $2 million in<br />
the process and has committed to hiring 20 new employees, a move which<br />
will bring even more jobs to Sellersburg.<br />
<strong>Wyatt</strong> has served Owings Patterns in a broad range of corporate matters,<br />
from real estate to labor law, as well as helping with estate planning and succession<br />
planning for the owners who can carry this innovative company into<br />
the next generation.
EARTHWELL<br />
Boost energy and cut costs at the same time? That’s a true power play – one that<br />
Earthwell Energy Management runs again and again.<br />
The Louisville-based energy services company works with public and private enterprises<br />
to create high-performing, energy-efficient buildings that are more comfortable to<br />
work in and cost less to operate. In one project alone – the 27-story Capital Plaza state<br />
office building in Frankfort – Earthwell’s work resulted in annual savings of $164,000.<br />
Lighting retrofits, solar electric and water heating, back-up generators, water conservation,<br />
systems upgrades – whatever the task, Earthwell designs, purchases, installs,<br />
services and guarantees it all. In fact, if a completed job doesn’t deliver the estimated<br />
savings, Earthwell pays the difference.<br />
<strong>Wyatt</strong> attorneys have helped Earthwell with regulatory and corporate matters, including<br />
working with local officials to eliminate zoning barriers to on-site energy generation and<br />
setting up innovative transactions to allow for public-private energy partnerships.
SHELMAR RETAIL PARTNERS<br />
Metal stud platform pumps. Jordan 3 RETRO ‘Black<br />
Cement’ sneakers. Brim caps, insignia jackets, shoes<br />
for every sneakerhead, and the kind of clothes that Diddy,<br />
Ludacris and Mos Def wear – all that and more is to<br />
be found at City Gear.<br />
The hip, totally urban clothing store is owned by Shelmar<br />
Retail Partners, LLC., a Memphis, Tennessee-based<br />
company that is growing by leaps and bounds. During<br />
the last year, it opened five new stores for a total of 65<br />
locations, with five additional stores slated to open in<br />
January. The stores, some operating as Marty’s, are<br />
located in 10 Southeastern states.<br />
The company enhances its brand by sponsoring hiphop<br />
concerts, and draws crowds with ‘meet and greet’<br />
appearances by rapper greats and pro athletes.<br />
<strong>Wyatt</strong> represented Shelmar in recapitalizing its business<br />
with approximately $21 million in debt and equity, including<br />
venture capital, to help facilitate further expansion<br />
of the business.
ADVANCE FINANCIAL<br />
Life’s emergencies don’t always happen during banker’s hours.<br />
That’s why Advance Financial opens early and closes late, seven<br />
days a week. In fact, many of its two dozen money centers are<br />
open 24/7 – all for the convenience of customers who may find<br />
themselves short of cash or needing to wire emergency funds to<br />
a family member.<br />
Begun 15 years ago in Franklin, Tennessee, this family owned and<br />
operated company offers a true one-stop shop of money solutions:<br />
Cash advances, title and signature loans, check-cashing services,<br />
bill payment, wire transfers, free money orders and more. With a<br />
customer ‘Bill of Rights’ that vows to deliver professional, honest<br />
and courteous service, Advance Financial even offers customers<br />
free classes on how to better manage their finances.<br />
For the past five years, <strong>Wyatt</strong> has represented Advance Financial<br />
in various corporate, securities, real estate and regulatory matters,<br />
and the company’s owners in estate planning.
OXFORD RESOURCE<br />
PARTNERS<br />
RECOVERCARE<br />
Bucking the trend of coal industry consolidation, Oxford Resource<br />
Partners has remained robustly independent.<br />
Now the 14th largest surface mining company in the United States and<br />
18th largest producer overall, Oxford was founded by two brothers in<br />
1985 and has its executive offices in Columbus, Ohio. In just the past<br />
five years, the company more than doubled its revenues and boosted<br />
coal production by 83 percent (as of third quarter 2011), and last year<br />
it went on the Big Board (NYSE: OXF).<br />
With 22 active surface mines in Eastern Ohio and Western Kentucky,<br />
as well as two strategically located river terminals for optimizing<br />
distribution, Oxford enjoys long-standing relationships and multi-year<br />
sales contracts with top electric utility customers in both Ohio and<br />
Kentucky.<br />
<strong>Wyatt</strong> has assisted Oxford with strategic acquisitions, leasing and<br />
contracting matters.<br />
Healthcare facilities depend on RecoverCare because special<br />
patients require special care. From its headquarters in Louisville,<br />
RecoverCare leads the industry in distributing equipment<br />
for wound care, bariatric and safe patient handling to acute<br />
care hospitals, skilled nursing facilities, rehabilitation facilities,<br />
hospice centers and home care patients nationwide. From<br />
pressure-relieving mattresses, to beds and chairs supporting<br />
1,000 pounds of weight, RecoverCare delivers for its clients.<br />
With its easy online ordering and equipment tracking system,<br />
quick delivery and set-up, staff training and 24/7 customer<br />
service, RecoverCare helps its client facilities improve patient<br />
care, streamline operations, and reduce operating costs from<br />
its 120 locations servicing 48 states.<br />
<strong>Wyatt</strong> assists RecoverCare on a variety of corporate, regulatory<br />
and compliance matters.
INVESTMENT PROPERTY<br />
ADVISORS<br />
An Old Louisville neighborhood landmark has been artfully transformed<br />
into a vibrant new one.<br />
Cardinal Towne, a $62 million conversion at the former site of a<br />
landmark local restaurant and catering hall, created much-needed<br />
campus housing for students at the University of Louisville. Developed<br />
by Valparaiso, Indiana-based Investment Property Advisors (IPA),<br />
the mixed-use complex covers a four-acre block adjacent to the<br />
University’s urban campus. It includes one to four bedroom upscale<br />
units, complete with walk-in closets, granite countertops, fitness<br />
center, swimming pool, hot tub and lounges, as well as ground-floor<br />
commercial space that currently houses eight restaurants and other<br />
student-friendly retail stores. The complex will house upwards of 550<br />
students and include an underground parking garage when a second<br />
phase of the development is completed in August.<br />
Eco-friendly and green roofed, Cardinal Towne is the first major<br />
Louisville project for IPA, which specializes in mixed-use multi-family<br />
housing.<br />
<strong>Wyatt</strong> represented IPA in connection with the land-use planning,<br />
financing, and tax incentives for the project.
RIVER RIDGE COMMERCE CENTER<br />
Talk about location! Superior access by rail, air, water and interstate. Thousands of expansion<br />
acres. Millions of square feet of office, warehouse and manufacturing space. State and local<br />
incentives, urban enterprise zone, U.S. foreign trade zone – all in one site.<br />
The River Ridge Commerce Center sits on 6,000 prime acres along the Ohio River in Southern<br />
Indiana, part of a site previously occupied by an army ammunition plant. With every conceivable<br />
business advantage – including access to a large, qualified labor pool, great universities, and<br />
the urban excitement of the Louisville metropolis – this large-scale redevelopment project has<br />
attracted a wide spectrum of commercial and light industrial enterprises.<br />
The result? The creation of 2,700 jobs in the last five years, construction of three million square<br />
feet of industrial and office space, and a boost to the area’s economy.<br />
<strong>Wyatt</strong> represents the River Ridge Commerce Center and its board of directors, the River Ridge<br />
Development Authority, on matters involving complex issues of land use, environmental law, risk<br />
management and contracts.
CHRISTIAN CARE COMMUNITIES<br />
A much-needed skilled nursing center is set to open in February<br />
in Louisville’s West End, an area conspicuously lacking in services<br />
for seniors. Not-for-profit Christian Care Communities has invested<br />
nearly $5 million to purchase and completely renovate what is now<br />
called Christian Health Center West, in order to provide affordable,<br />
24-hour skilled nursing care, to include physical, occupational and<br />
speech therapy, pastoral care, and other services and activities for its<br />
residents.<br />
An adjacent adult day center will open in May 2012 and will provide<br />
personal and nursing care, senior activities and meals, all in a homelike<br />
setting. An added bonus for this underserved area is the creation<br />
of approximately 100 new jobs, which should provide a needed boost<br />
to the economic health of the neighborhood.<br />
Founded in 1884, Louisville-based Christian Care Communities provides<br />
affordable retirement living and long-term care for older adults<br />
throughout Kentucky.<br />
<strong>Wyatt</strong> has been honored to assist Christian Care in a number of its<br />
transactions, and to participate in Christian Care’s fundraisers, including<br />
the annual “Kentucky Derby Festival Battle of the Bounce,” held on<br />
the Great Lawn of Louisville’s waterfront each spring.
CHURCHILL DOWNS<br />
Though its Twin Spires are as legendary as the “Greatest Two Minutes in Sports,”<br />
there’s a lot more to Churchill Downs Incorporated (CDI) than the annual running of the<br />
Kentucky Derby.<br />
With a 138-year racing legacy behind it, CDI has grown its stable of businesses to<br />
include four racetracks, three casinos, the country’s premier online wagering platform,<br />
video poker operations, a totalizator company, a multistate network of off-track betting<br />
parlors and an array of leading-edge, racing-related technologies that support the company’s<br />
sports and gaming operations. TwinSpires.com, CDI’s advance-deposit wagering<br />
company, allows customers to deposit money in advance and then wager on horse<br />
racing from computers, tablet devices and smart phones at their convenience--any<br />
time, any place. Meanwhile, CDI’s United Tote designs and manufactures pari-mutuel<br />
wagering systems for more than 150 racing facilities in the United States and abroad.<br />
With more than 3,700 employees and operations in seven states, CDI has evolved from<br />
a famous racetrack in Louisville, Kentucky to one of the premier racing, gaming and<br />
entertainment companies in the country. That’s horsepower you can bet on.<br />
<strong>Wyatt</strong> is pleased to have helped CDI strengthen its leadership position even during a<br />
very challenging time for its industry.
Athenian Commitment<br />
One of our Firm’s name partners, Wilson <strong>Wyatt</strong>, was<br />
an admirer of the civic goal of the ancient Athenians--<br />
upon becoming an adult, every youth took an oath to<br />
leave his city better than he found it.<br />
At <strong>Wyatt</strong>, we believe the ability to lead is essential to<br />
providing the highest level of service to our clients.<br />
When recruiting, we seek individuals with demonstrated<br />
leadership ability, and our internal mentoring program<br />
continues to hone that skill once they are on board.<br />
We require all of our lawyers to perform 60 hours of<br />
pro bono work a year for their first three years, and as<br />
a firm, we encourage an ongoing commitment to legal<br />
aid work, community involvement and bar association<br />
activities.<br />
That commitment is clearly evidenced by the high<br />
number of <strong>Wyatt</strong> lawyers serving in leadership roles in<br />
2011. These individuals give their time generously to<br />
promote the highest standards of the legal profession.<br />
We congratulate them and are proud to highlight them<br />
here.<br />
K. Gregory Haynes<br />
President,<br />
Louisville Bar Asssociation<br />
Cynthia W. Young<br />
President,<br />
Legal Aid Society<br />
Erin Brisbay McMahon<br />
President,<br />
Fayette County Bar Association<br />
Charles M. Key<br />
Chairman,<br />
Tennessee Bar Foundation<br />
HOOKS SCHOLARSHIP<br />
An iconic figure in the civil rights movement, preacher,<br />
public defender, judge, and long-time executive<br />
director of the NAACP, Dr. Benjamin L. Hooks also was<br />
a lawyer in <strong>Wyatt</strong>’s Memphis office, where he led the<br />
Firm’s diversity practice until his death in 2010.<br />
To honor his legacy and promote diversity within the<br />
legal profession, <strong>Wyatt</strong> created the Dr. Benjamin L.<br />
Hooks Scholarship at the Cecil C. Humphreys School<br />
of Law at the University of Memphis. Every three years,<br />
the scholarship will provide tuition, books, supplies and<br />
other fees to one full-time minority student, who will<br />
also be eligible for a summer associate position at the<br />
Firm after the student’s first year.<br />
The scholarship’s first recipient, Memphis native Corey<br />
Strong, earned a bachelor’s degree from the U.S. Naval<br />
Academy, an MBA from San Diego State University,<br />
and recently completed a tour of duty in Afghanistan.
NETWORKS AND AWARDS<br />
<strong>Wyatt</strong> is a member firm of the Advance Law program, the new model<br />
in legal service delivery. As one of the eight firms carefully vetted to<br />
participate in the program, <strong>Wyatt</strong> connects with large-company general<br />
counsel when the need arises for outside counsel.<br />
<strong>Wyatt</strong> is a member of Lex Mundi, the world’s largest association of<br />
independent law firms.<br />
<strong>Wyatt</strong> is one of 39 member firms in the DuPont Primary Law Firm network.<br />
The Best Lawyers in America® 2012 named 83 of our lawyers in its<br />
publication and 17 of our lawyers were also named “Lawyer of the Year” for<br />
their practice and market.<br />
Chambers USA, America’s Leading Lawyers for Business 2011, named<br />
<strong>Wyatt</strong> a “Leading Law Firm” and 23 of our lawyers as “Leading Individuals”<br />
in its publication.<br />
2011 Super Lawyers® (Kentucky, Indiana and the Mid-South editions)<br />
named 56 of our lawyers in its publications.<br />
Corporate Counsel Magazine’s survey of General Counsel at top 500<br />
companies named <strong>Wyatt</strong> a “Go-To Law Firm” for labor and employment<br />
and litigation matters.<br />
Benchmark Litigation named <strong>Wyatt</strong> a “Highly Recommended” and<br />
“Leading Litigation” firm.<br />
The Kentucky Chamber of Commerce and the Kentucky Society for<br />
Human Resource Management named <strong>Wyatt</strong> one of the “Best Places to<br />
Work.”
This publication is provided as general information rather than legal advice.<br />
The ethical rules of some state bars require us to identify this 2011 In Review as advertising material.<br />
K Y & T N<br />
I N<br />
M S<br />
T H I S I S A N A D V E R T I S E M E N T<br />
A D V E R T I S I N G M AT E R I A L<br />
S O L I C I TAT I O N M AT E R I A L<br />
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