Lawsuits

Marriott CEO says resort fees will continue in spite of D.C. lawsuit

Marriott International president and CEO Arne Sorenson said in an interview Friday that so-called resort fees are not going away despite a recent lawsuit from the attorney general of Washington, D.C.

Why it matters: Resort fees have certainly helped Marriott's bottom line. Shares have outperformed the S&P 500 by 11% so far this year, rising a little more than 31% year to date, and has outperformed the S&P by around 340% over the decade-long period D.C.'s attorney general alleges the "drip pricing" scheme has been happening.

Federal appeals court sides with Trump in emoluments suit over D.C. hotel

Trump standing at a podium and gesturing forward.
Photo: Tomohiro Ohsumi/Getty Images

The 4th Circuit Court of Appeals ruled unanimously in favor of President Trump on Wednesday, dismissing a lawsuit accusing the president of illegally profiting from links to foreign and state governments through the Trump International Hotel in Washington, D.C., the Washington Post reports.

Why it matters: The suit attempted to use the Constitution's emoluments clause, which gives Congress the authority to review a president's financial relationships with foreign nations, as a way to obtain information regarding his private businesses, which the president has refused to release.