An investigation on behalf of investors in TransDigm Group Incorporated (NYSE:TDG) shares over potential wrongdoing at TransDigm Group was announced.
San Diego, CA -- (SBWIRE) -- 07/14/2017 -- An investigation on behalf of current long-term investors in shares of TransDigm Group Incorporated (NYSE:TDG) was announced over potential breaches of fiduciary duties by certain officers and directors at TransDigm Group.
Investors who purchased shares of TransDigm Group Incorporated (NYSE:TDG) and currently hold any of those NYSE:TDG shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain TransDigm Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
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.
Those who purchased shares of TransDigm Group Incorporated (NYSE:TDG) have certain options and should contact the Shareholders Foundation.
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