Faruqi & Faruqi Investigation: Hilton Worldwide Holdings
The investigation focuses whether the Company’s officers and directors breached their fiduciary duties to the Company by failing to take adequate steps to prevent and/or detect two separate security breaches related to customer credit and debit card payments at its hotels. A press release issued by the Company on November 25, 2015 stated that the breaches occurred over a seventeen-week period, from November 18-December 5, 2014 to April 21-July 27, 2015.
Hilton stated that malicious software, known as malware, infiltrated payment systems at hotel restaurants, gift shops and other hotel locations with registers. The Company further stated that it has determined that the malware may have collected customer names, credit card numbers, security codes and expiration dates.
If you currently own Hilton stock and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Faruqi & Faruqi's Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Hilton’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.