MARRIOTT INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Marriott International, Inc. - MAR
NEW ORLEANS--(BUSINESS WIRE)--Nov 30, 2018--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Marriott International, Inc. (NasdaqGS: MAR).
On November 30, 2018, the Company disclosed that its investigation of a September 8, 2018 security alert, led to the conclusion on November 19 th that a massive security breach in a guest reservation database had occurred potentially exposing the credit card, passport and other personal data of “up to approximately 500 million guests” over a four year period in what news reports are describing as one of the largest data breaches on record based on scope of time and volume of potential victims.
Further, the exposed data of approximately 327 million of the guests may have included names, addresses, phone numbers, email addresses, passport numbers, birthdates, and other information including “payment card numbers and payment card expiration dates,” adding that although two components are required to decrypt that data, the Company “has not been able to rule out the possibility that both were taken.” The New York Attorney General’s office has announced an investigation into whether the Company’s delay in reporting the breach violated state law.
KSF’s investigation is focusing on whether Marriott’s officers and/or directors breached their fiduciary duties to Marriott’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Marriott shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( firstname.lastname@example.org ), or visit https://www.ksfcounsel.com/cases/nasdaqgs-mar/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181130005554/en/
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2018.
PUB: 11/30/2018 10:50 PM/DISC: 11/30/2018 10:50 PM