|Company||Corporate Travel Management|
|Claims||Misleading and deceptive conduct|
|Relevant Period||July 1, 2017 - October 27, 2018|
Organizers are investigating a potential shareholder action against hedge fund VGI Partners for their alleged role in a conspiracy to damage Corporate Travel Management, a company specializing in travel management solutions.
Corporate Travel Management’s stock price took a 27% price dive in late October 2018 in conjunction with a report released by VGI Partners detailing red flag allegations against Corporate Travel Management (CTM). Prior to issuing the report, VGI had taken a short position worth about $55 million in CTM, meaning it could profit when CTM’s share price fell.
Maurice Blackburn is currently soliciting shareholder interest. FRT will continue to monitor this matter and alert you to the progress.
DETERMINING ELIGIBILITY & COSTS
The size of your claim depends on how the court ultimately assesses losses. In Australia, the measure of losses is not settled and courts and organizers may apply one of several methodologies to determine them.
As an initial assessment, at your request, FRT can give you an estimate of the potential size of your claim based on information provided by the organizers in conjunction with our proprietary algorithms. Additionally, with your written permission, FRT can also anonymously submit your trade data for a further loss analysis under local law.
Additionally, the proposed action will be funded on a “no win, no fee” basis in accordance with the terms of a funding agreement provided by the funder. All of the expenses, including the lawyers’ fees and all other costs of the class action including adverse party costs will be paid by the funder. If successful, the funder will be paid its contractual percentage success fees plus reimbursement for legal fees and case costs from the settlement or judgement.
If you wish to register now, you must submit the law firm retainer and/or litigation funding agreement. FRT will provide these documents upon request or, if authorized, may complete them on your behalf. If you have compensable damages and would like to discuss your rights with the organizers, FRT can arrange for that discussion.
FRT has issued the following alerts to FRT Global Group Litigation clients:
- Preliminary Alert: November 26, 2018
- Full Alert: March 20, 2019
For more information on this case or FRT Global Group Litigation service, please contact us at firstname.lastname@example.org.
U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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