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PUMA v. MARRIOTT

Civ. A. No. 3275.

348 F.Supp. 18 (1972)

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

United States District Court, D. Delaware.

September 15, 1972.

Attorney(s) appearing for the Case

Ernest S. Wilson, Jr., of Wilson & Russell, Wilmington, Del., and Stanley L. Kaufman, Alan K. Peckel and Donald M. Kresge, of Kaufman, Taylor, Kimmel & Miller, New York City, for plaintiff.

R. Franklin Balotti, of Richards, Layton & Finger, Wilmington, Del., and Frank H. Strickler, Whiteford, Hart, Carmody & Wilson, Washington, D. C., for defendants, Marriott Corporation and Don G. Mitchell.

David F. Anderson, of Potter, Anderson & Corroon, Wilmington, Del., and Burton A. Schwalb, of Arent, Fox, Kintner, Plotkin & Kahn, Washington, D. C., for various individual defendants.

OPINION

CALEB M. WRIGHT, Chief Judge.

This is a derivative stockholders' suit brought on behalf of Marriott-Hot Shoppes, Inc. (Marriott) and arising out of Marriott's purchase at an allegedly unfair price of the stock of six corporations principally owned by insiders of Marriott. The plaintiff, John Puma, is the owner and holder of record of several hundred shares of Marriott common stock and was a Marriott stockholder at the time of the transactions involved...

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