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Published on : Saturday, January 9, 2016
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct by the officers and directors of 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.