News for the Hospitality Executive
Hilton Worldwide and Starwood Hotels
& Resorts Worldwide Reach Settlement
Agreement Putting an End to Espionage Lawsuit
Terms of Settlement Remain Confidential
MCLEAN, Va. (December 22, 2010) - Hilton Worldwide today announced that it has finalized an agreement with Starwood Hotels Resorts Worldwide to settle a lawsuit involving the alleged misappropriation of trade secrets. Under the terms of the settlement, Hilton Worldwide consents to an injunction that includes certain business restrictions for a period of two years. Additional terms of the settlement are confidential.
"Hilton Worldwide regrets the circumstances surrounding the dispute with Starwood Hotels & Resorts Worldwide and is pleased to bring an end to this prolonged litigation," said Christopher J. Nassetta, president and chief executive officer, Hilton Worldwide. "Hilton Worldwide is committed to fair, ethical and robust competition in the marketplace, and we will continue to focus on what we do best – providing exceptional services for all of our guests around the world."
About Hilton Worldwide
Sues Hilton and Two Former Starwood Executives for Corporate Espionage,
Theft of Trade Secrets, Unfair Competition; Lawsuit Alleges 100,000
Files Looted From Starwood Computers By Ross Klein and Amar Lalvani
/ April 2009
|Hilton Hotels Makes Significant New Executive Appointments; Two Former Starwood Execs, Ross Klein and Amar Lalvani, Join Hilton to Advance its Goal of Developing a Presence in the Luxury and Lifestyle Sectors / June 2008|
|Hilton Hotels Adds New Brand - Denizen Hotels; the Term Denizen Literally Means ‘Citizen of the World” / March 2009|
|Starwood to Debut New Brand to Compete Directly with Courtyard by Marriott and Hilton Garden Inn; The Design Work for the Yet to Be Named Brand Being Done by Same Team that Created W Hotels / June 2005|