TRANSDIGM NOTIFICATION: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In TransDigm Group Incorporated To Contact The Firm
TRANSDIGM NOTIFICATION: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In TransDigm Group Incorporated To Contact The Firm
PR Newswire
NEW YORK, March 22, 2017
NEW YORK, March 22, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at TransDigm Group Incorporated ("TransDigm" or the "Company") (NYSE:TDG).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company's business strategies in recent years may have rendered it uncompetitive in the contract bidding market.
Specifically, on January 20, 2017, Citron Research issued a comprehensive report entitled "Could TransDigm be the Valeant of the Aerospace Industry?" claiming that TransDigm's business model, including "acquir[ing] airplane parts companies (over 50 in total), fir[ing] employees, and egregiously rais[ing] prices," has put the Company at a disadvantage in effectively participating in contract bidding.
After the announcement, TransDigm's share price fell from $251.76 per share on January 19, 2017 to a closing price of $226.90 on January 20, 2017—a $24.86 or a 9.8% drop.
Then, on March 21, 2017, California Representative Ro Khanna (D-CA) wrote a letter to the inspector general of the Department of Defense, accusing the Company of "waste, fraud and abuse in the defense and industrial base."
On this news, TransDigm's share price fell from $237.94 per share on March 20, 2017 to a closing price of $224.79 on March 21, 2017—a $13.15 or 5.5% drop.
Request more information now by clicking here: www.faruqilaw.com/TDG. There is no cost or obligation to you.
Take Action
If you invested in TransDigm stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/TDG. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding TransDigm's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
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