March 01, 2016
The Fourth Circuit declined Monday to rehear a suit challenging the terms of a stock awards plan for Marriott employees, letting stand its January decision that the employees waited too long to file their claim after being told the plan was exempt from Employment Retirement Income Security Act vesting rules.
January 29, 2016
Former Marriott employees waited too long to file a suit challenging the terms of a stock awards plan, the Fourth Circuit ruled Friday, finding that the hotel giant told the employees long ago that it considered the plan exempt from key Employee Retirement Income Security Act provisions.