Besieged Corporate Travel Management has again entered a trading halt after Sydney-based investment management firm VGI Partners ramped up its attack on the commercial travel agency.
Hedge fund VGI Partners faces the unusual prospect of being sued by Corporate Travel Management's shareholders.
As corporate Australia wakes up to the perceived threat of short sellers (which really is neither scary nor new),boards and management teams are facing a clear choice.
Travel booking group Corporate Travel Management could remain in a trading halt until Wednesday.
Hedge fund accuses $3 billion travel specialist Corporate Travel Management of running “phantom” offices in Europe and America.