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WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to hear an appeal filed by a subsidiary of chipmaker Broadcom Inc (AVGO.O) seeking to put an end to a shareholder lawsuit concerning its 2015 acquisition of Emulex Corp. The legal question, which could affect other cases, is whether under the Securities and Exchange Act shareholders need to show intent to defraud when suing a company over statements made during the merger and acquisition process cufflinks styleforum. Avago Technologies Wireless Manufacturing, which later merged with Broadcom, paid almost $610 million to acquire Emulex Corp in 2015. Emulex made equipment for data centers such as chips and routers..

Gary Varjabedian, an Emulex shareholder, filed a securities class action lawsuit in federal court in California around the time of the deal seeking to prevent it. The move failed, but Varjabedian amended his lawsuit to include a claim that Emulex had failed to disclose data about other transactions between semiconductor companies when urging shareholders to accept the offer cufflinks styleforum. The plaintiffs have said they were misled into accepting a deal that may not have valued Emulex’s shares highly enough..

A district court judge in 2016 dismissed the claim, finding that the plaintiffs had failed to show proof of intent, known in legal parlance as “scienter.”. But in an April 2018 ruling, the San Francisco-based 9th U.S cufflinks styleforum. Circuit Court of Appeals revived the litigation by ruling that the plaintiffs were not required to show intent. Instead, the court said, only a showing of negligence was required. The U.S. Chamber of Commerce business group urged the court to take the case, saying that shareholders have no right to make such claims, whether or not there is proof of intent..

NEW YORK (Reuters) – Marriott International Inc (MAR.O) said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were affected. The hotel operator also said that some 25.55 million passport numbers were stolen in the attack on the Starwood Hotels reservation system, 5.25 million of which were stored in plain text. Another 8.6 million encrypted payment cards were also taken in the attack, it said cufflinks styleforum.

Marriott previously confirmed that passport numbers and payment cards were taken, but not said how many. The company disclosed on Nov. 30 that it had discovered its Starwood hotels reservation database had been hacked over a four-year period in one of the largest breaches in history. At least five U.S cufflinks styleforum. states and the UK’s Information Commissioner’s Office are investigating the attack. Marriott also said that it had completed an effort to phase out the Starwood reservations database that it acquired in September 2016 with its $13.6 billion purchase of Starwood. The hack began in 2014, a year before Marriott offered to buy Starwood..