4th Circuit Spotlight

A recent decision of the U.S. Court of Appeals for the Fourth Circuit addressed a dispute between hotel giant Marriott International, Inc., and one of its institutional investors, the Construction Laborers Pension Trust for Southern California (the “investor”), following a data breach of Marriott’s guest records. In a class-action complaint, the investor claimed that Marriott and its executives breached federal securities laws by omitting from the company’s public statements material information about data vulnerabilities. Based on its interpretation of federal securities law requirements, the Fourth Circuit held that Marriott had not misled its investors, and the court affirmed the trial court’s dismissal of the investor’s claims.

Background to the ‘Marriott’ Case

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]