Update 2 May, 2019: Maurice Blackburn has decided not to proceed with a class action in relation to Corporate Travel Management (CTD) shares at this time.
|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.
As part of this investigation, Maurice Blackburn looked 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 was of particular interest to the Maurice Blackburn investigation, particularly in circumstances where VGI had 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.
Closed – Not proceeding.