(Travel Weekly) Corporate travel management (ctm) has threatened VGI partners with a lawsuit following the hedge fund’s explosive allegations against the corporate travel company. VGI, which has previously disclosed its short position in CTM, released a scathing report of the company’s business practices, highlighting 20 “red flags” and throwing into question its accounting practices and the scale of its business. Short-selling is the legal practice of betting the share price of a company will fall. It’s common for short-sellers to criticise their targets and release reports detailing their shortcomings or accusing them of not providing enough information to their shareholders.

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