LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of TransDigm Group Incorporated (“TransDigm” or the “Company”) (NYSE: TDG) concerning the Company and its officers’ possible violations of federal securities laws.
On January 20, 2017, Citron Research published an article claiming that TransDigm is the Valeant of the aerospace industry. Specifically, Citron alleged that the Company’s business model relies on acquiring airplane parts companies, firing employees, and egregiously raising prices. Citron claimed that while the Company’s business model made it a dominant airplane parts supplier, it also burdened the Company’s balance sheet with a sky-high debt load. On this news, the Company’s share price declined by nearly 10%.
Then, on March 21, 2017, California Representative Ro Khanna sent a letter to the Defense Department Inspector General asking for an investigation into the business practices of TransDigm, claiming that the Company appears to be evading certain pricing and cost disclosure regulations. On this news, the Company’s share price declined by more than 5%, thereby injuring 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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