Alleged Misstatements In Marriott Data Breach Investor Suit Properly Dismissed

Mealey's (April 26, 2022, 2:03 PM EDT) -- RICHMOND, Va. — A federal district court did not err in dismissing investor claims against hotelier Marriott International Inc. and certain of its executive officers and members of its audit committee stemming from a major breach of sensitive guest data by hackers because the lead plaintiff in the action failed to sufficiently plead any actionable misstatements or omissions in making its federal securities law claims, a Fourth Circuit U.S. Court of Appeals panel ruled April 21 in affirming....