NEW YORK, NY / ACCESSWIRE / August 26, 2017 / Pomerantz LLP is investigating claims on behalf of investors of TransDigm Group Incorporated (“TransDigm” or the “Company”) (NYSE: TDG). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether TransDigm and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 20, 2017, Citron Research published an article entitled “Could TransDigm be the Valeant of the Aerospace Industry?” The Citron report alleged that TransDigm’s business model depended on “acquir[ing] airplane parts companies (over 50 in total), fir[ing] employees, and egregiously rais[ing] prices,” and suggested that TransDigm’s business model was ill-suited for a competitive bidding environment.
On this news, TransDigm’s share price fell $24.86, or 9.87%, to close at $226.90 on January 20, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
SOURCE: Pomerantz LLP