Investigation for Investors Who Purchased Shares of TransDigm Group Incorporated (NYSE:TDG) Announced
An investigation for investors in TransDigm Group Incorporated (NYSE:TDG) shares over potential securities laws violations by TransDigm Group Incorporated was announced and NYSE:TDG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 03/28/2017 --TransDigm Group Incorporated is under investigation over potential securities laws violations. The investigation was announced for investors in NYSE:TDG shares in connection certain financial statements made by TransDigm Group Incorporated.
Investors who purchased shares of TransDigm Group Incorporated (NYSE:TDG), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by TransDigm Group Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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 shares of TransDigm Group Incorporated have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
Media Relations Contact
View this press release online at: http://rwire.com/787621