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PUMA v. MARRIOTT

Civ. A. No. 3275.

294 F.Supp. 1116 (1969)

John PUMA, Plaintiff, v. J. Willard MARRIOTT et al., Defendants.

United States District Court D. Delaware.

January 3, 1969.

Attorney(s) appearing for the Case

Ernest S. Wilson, Jr., Wilson & Lynam, Wilmington, Del., Stanley L. Kaufman and Shephard S. Miller, Kaufman, Taylor, Kimmel & Miller, New York City, for plaintiff.

Henry M. Canby, Richards, Layton & Finger, Wilmington, Del., and John J. Wilson, Whiteford, Hart, Carmody & Wilson, Washington, D. C., for defendants, Don G. Mitchell, James M. Johnston and Marriott Corp.

David F. Anderson, Potter, Anderson & Corroon, Wilmington, Del., and Burton A. Schwalb, Arent, Fox, Kintner, Plotkin & Kahn, Washington, D. C., for defendants, J. Willard Marriott, Alice S. Marriott, J. Willard Marriott, Jr., Milton A. Barlow, Richard E. Marriott, Woodrow D. Marriott, Russell S. Marriott and John S. Daniels.

OPINION

CALEB M. WRIGHT, Chief Judge.

This is an action for damages by plaintiff John Puma against the Marriott Corporation (Marriott) and several of its directors and officers based on alleged violations of federal securities laws and alleged breaches of common law fiduciary obligations. Plaintiff sues on his own behalf, on behalf of all other Marriott stockholders, and derivatively on behalf of Marriott. The claims purportedly arise out of transactions...

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