BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of TransDigm Group Inc. (“TransDigm” or the “Company”) (NASDAQ: TDG) investors concerning the Company and its officers’ possible violations of federal securities laws.
On January 20, 2017, Citron Research issued a report accusing TransDigm of being the “Valeant of the aerospace industry.” The report claimed that the Company uses multiple shell distributors that have no pricing power to make government bids seem competitive. Citron further emphasized that TransDigm’s growth was driven, in large part, by rampant acquisitions and extreme debt levels.
On this news, TransDigm’s share price dropped $24.86 per share, or 9.87%, from $251.76 per share on January 19, 2017 to $226.90 per share on January 20, 2017, thereby damaging investors.
If you purchased TransDigm securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at 215-638-4847, toll-free at 888-638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.