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Marriott Beats Investor Class, Derivative Claims on Data Breach

June 14, 2021, 5:57 PM

Marriott International Inc. is free of securities fraud and shareholder derivative claims in a suit stemming from a data breach that revealed the personal information of hotel guests after a federal judge in Maryland dismissed them with prejudice.

The investors behind the would-be class claims failed to adequately allege that the hotel chain made misleading statements about the breach, the U.S. District Court for the District of Maryland said. And the shareholder who sued derivatively didn’t meet pre-suit demand requirements, Judge Paul W. Grimm said.

Marriott acquired Starwood Hotels & Resorts Worldwide Inc. in 2016 and later discovered ...

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