Claims

ASX Code: CTD
ISIN: AU000000CTD3
Claim Period: 1 July 2017 to 27 October 2018
Shares traded in Period (m): 120,673,000
Price change on disclosure: $7.59
Market Cap Drop ($m): $805,363,136
Solicitors for Applicant

Maurice Blackburn Lawyers.

Funder

Unknown.

Claim Overview

As part of this investigation, Maurice Blackburn will also be looking at whether another organisation – hedge fund VGI Partners (ASX:VG1) – might also be responsible for shareholders suffering the massive loss of value.

This comes after VGI released a critical 176-page report detailing 20 red flag allegations against CTD.

That report, its contents and its motivations are of particular interest to the Maurice Blackburn investigation, particularly in circumstances where VGI has taken a short position in CTD estimated to be worth about $55 million.

Potential Class Members

Investors that purchased Corporate Travel Management shares in the period 1 July 2017 to 27 October 2018 can register their interest.

Capacity to Join

Open.