Claims

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.

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 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.

Current Status

Closed – Not proceeding.