SHAREHOLDER ALERT: Marriott International Inc. (NASDAQ: MAR)
(ShareholderAlert.com) — A class action lawsuit has been filed on behalf of shareholders of Marriott International Inc. (NASDAQ:MAR). Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found below.
Marriott International Inc. (NASDAQ: MAR)
Class Period: November 9, 2016 – November 29, 2018
Lead Plaintiff Deadline: January 30, 2019
According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Marriott’s and Starwood’s systems storing their customers’ personal data were not secure; (2) there had been unauthorized access on Starwood’s network since 2014; (3) 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 (4) as a result, Marriott’s public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.