Puma v. Marriott

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 herein. The individual defendants include all of the directors of Marriott at the time of the purchase and all of the insiders and…