Puma v. Marriott

SHORT, Vice Chancellor.

This is a stockholder’s derivative action which challenges the fairness of a transaction entered into by Marriott Corporation (Marriott), a Delaware corporation, whereby Marriott, in exchange for 313,000 shares of its common stock, acquired all of the stock of six corporations principally owned by members of the Marriott family. De fendants are those members of the Marriott family and others (Marriott Group) whose stock was acquired, four of whom were directors of Marriott (inside directors), and four of the remaining five directors (outside directors), one having died…