According to the Complaint, Marriott International, Inc. ("Marriott") and its subsidiaries including Starwood Hotels and Resorts Worldwide, Inc. (Starwood) operates, franchises, and licenses hotel, residential, and timeshare properties worldwide.
The Complaint alleges that during the Class Period, 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.
On February 6, 2019, this case was ordered to be transferred to the District Court of Maryland. The case continues under Docket 19-CV-00368.
On April 29, 2019, the Court issued an Order appointing Lead Counsel and members of a Steering Committee for the Consumer Plaintiffs, Financial Institution Plaintiff, Derivative Action Plaintiffs, and Securities Action Plaintiffs. Lead Plaintiff filed an amended consolidated Complaint on August 5. Lead Plaintiff corrected the amended consolidated Complaint on August 21. On September 16, Lead Plaintiff filed a second amended consolidated Complaint.
Defendants filed a Petition for a Writ of Certiorari on January 16, 2020. The Supreme Court of the United States denied the Petition on April 27.
Lead Plaintiff filed a third amended consolidated Complaint on July 24, 2020. Defendants filed a Motion to Dismiss the third amended consolidated Complaint on September 8. On June 11, 2021, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice. Lead Plaintiff filed a notice appealing the Court's Dismissal Order on July 9. The Court of Appeals affirmed the District Court's Dismissal Order on April 21, 2022.