NEW YORK, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in
Marriott International, Inc. (“Marriott” or the “Company”) (NASDAQ:MAR) of the January 30, 2019 deadline to seek the role of lead
plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Marriott stock or options between November 9, 2016 and November 29, 2018 and would like to
discuss your legal rights, click here: www.faruqilaw.com/MAR. There is no
cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased
Marriott securities between November 9, 2016 and November 29, 2018 (the “Class Period”). The case, McGrath v. Marriott
International, Inc. et al, No. 1:18-cv-06845 was filed on December 1, 2018 and has been assigned to Judge Nina Gershon.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading
statements and/or failing 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.
Specifically, on November 30, 2018, before market hours, Marriott reported a potential data breach involving the personal
information of 500 million guests. According to the release, there had been unauthorized access to the Starwood network since
2014.
On this news, the Company’s stock price fell from $121.84 per share on November 29, 2018 to $115.03 per share on November 30,
2018—a $6.81 or 5.59% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Marriott’s conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results
do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential manner.
