An investigation on behalf of investors of TransDigm Group Incorporated (NYSE:TDG) shares over potential securities laws violations by TransDigm Group Incorporated and certain of its directors and officers was announced.
Investors who purchased shares of TransDigm Group Incorporated (NYSE:TDG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of TransDigm Group Incorporated (NYSE:TDG) concerning whether certain statements by TransDigm Group Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Cleveland, OH based TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service.
TransDigm Group Incorporated reported that its Total Revenue rose from over $2.7 billion for the 52 weeks period that ended on Sept. 30, 2015 to over 43.17 bilion for the 52 weeeks period that ended on September 30, 2016 and that its Net Income for those respective time periods increased from $447.21 million to $5896.41 milion .
Shares of TransDigm Group Incorporated (NYSE:TDG) rose to as high as $289.12 per share on September 30, 2016.
On January 20, 2017, an article was published claiming that TransDigm Group Incorporated is the Valeant of the aerospace industry. Specifically, the article was alleged that TransDigm Group Incorporated’s business model relies on acquiring airplane parts companies, firing employees, and egregiously raising prices. The report 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.
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 Group Incorporated, claiming that the Company appears to be evading certain pricing and cost disclosure regulations.
Shares of TransDigm Group Incorporated (NYSE:TDG) declined to as low as $203.72 per share on March 24, 2017.
Those who purchased NYSE:TDG shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com