Marriott International, Inc. (NASDAQ: MAR) Investor Securities Class Action Lawsuit 12/03/2018

If you purchased a significant amount of shares of Marriott International, Inc. (NASDAQ: MAR) between November 9, 2016 and November 29, 2018, and / or if you purchased any NASDAQ: MAR shares prior to November 2016 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: January 30, 2019. NASDAQ: MAR investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Marriott International
Case Name: 
Marriott International Sahreholder Class Action Lawsuit 12/03/2018
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: MAR
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
12/03/2018
Class Period Begin: 
11/09/2016
Class Period End: 
11/29/2018
Court of Filing: 
U.S. District Court for the Eastern District of New York
Deadline To File for Lead: 
01/30/2019
Summary: 

An investor in shares of Marriott International, Inc. (NASDAQ: MAR) filed a lawsuit in the U.S. District Court for the Eastern District of New York over alleged violations of Federal Securities Laws by Marriott International, Inc. in connection with certain allegedly false and misleading statements made between November 9, 2016 and November 29, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Marriott International, Inc. (NASDAQ: MAR) common shares between November 9, 2016 and November 29, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between November 9, 2016 and November 29, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that Marriott's and Starwood's systems storing their customers' personal data were not secure, that there had been unauthorized access on Starwood's network since 2014, that consequently, the personal data of approximately 500 million Starwood guests and sensitive personal information of approximately 327 million of those guests may have been exposed to unauthorized parties, and that as a result, Marriott's public statements were materially false and/or misleading at all relevant times.

Bethesda, MD based Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. On November 30, 2018, before trading, Marriott International, Inc. revealed a hack of its Starwood hotels guest database, potentially affecting an astounding 500 million people who booked stays at a Starwood property for many years.

Shares of Marriott International, Inc. (NASDAQ: MAR) declined to as low as $113.38 per share on November 30, 2018.