The resounding approval shareholders gave Marriott Corp.'s plan to split in two will have no effect on a group of bondholders' suit against the company, attorneys representing them said Friday.

"It was anticipated that shareholders would approve a transaction which was designed to benefit them," said Lawrence Kill, an attorney with Anderson Kill Olick & Oshinsky, who is representing PPM America Inc.'s bondholders in their suit against Marriott.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.