A federal judge has denied Marriott International workers class certification for a lawsuit claiming the hotelier had failed to fulfill its obligations in managing a retirement deferred stock bonus plan.
Judge Roger Titus of U.S. District Court in Maryland ruled in Bond v. Marriott International Inc. that the employees satisfied neither of the arguments they made to merit certification as either a Top Hat class or a Limitations class.
At issue is a deferred stock plan Marriott offered its employees between 1963 and 1990, at which time it changed the plan, telling workers ERISA regulations were the reason for the alterations.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
