Class Cert. Nixed In Marriott ERISA Suit Over Stock Program

Law360, Los Angeles (January 7, 2014, 4:36 PM EST) -- A Maryland federal judge on Tuesday rejected a bid for class certification Tuesday by a group of former Marriott International Inc. employees who sued the company for allegedly failing to fulfill terms of a stock awards program.

The lawsuit, filed under the Employee Retirement Income Security Act of 1974 in 2010, arose from stock awards that Marriott and its predecessors Marriott-Hot Shoppes Inc. and Marriott Corp. granted to employees between 1968 and 1993. In October 2011, named plaintiffs Robert J. England, Dennis Walter Bond Sr. and...
To view the full article, register now.