BERWYN, Pa., March 23, 2017 /PRNewswire/ -- RM LAW, P.C.
is investigating potential claims against the board of directors of
TransDigm Group Incorporated ("TransDigm" or the "Company") (NYSE:
TDG). Our investigation concerns potential breach of fiduciary duty
and securities claims.
On January 20, 2017, an investment
analytics firm issued a report entitled "Could TransDigm be the
Valeant of the Aerospace Industry?" claiming that TransDigm's
business model, including "acquir[ing] airplane parts companies
(over 50 in total), fir[ing] employees, and egregiously rais[ing]
prices," has put the Company at a disadvantage in effectively
participating in contract bidding. On that news, TransDigm's
shares fell nearly 10%, causing tens of millions in losses to
investors.
On March 21, 2017, California Representative Ro Khanna (D-CA)
wrote a letter to the Inspector General of the Department of
Defense, calling for an investigation into whether the Company has
potentially engaged in "waste, fraud and abuse in the defense and
industrial base." On this news, TransDigm's shares fell 5.5% on
March 21, 2017, and continue to
slide, significantly harming investors.
If you own shares of TransDigm and would like to learn more
about this class action or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (844) 291-9299 or to sign up online, visit:
www.maniskas.com. You may also email Mr. Maniskas at
rm@maniskas.com.
RM LAW, P.C. is a national shareholder litigation firm. RM
LAW, P.C. is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal
courts nationwide.
CONTACT: RM LAW, P.C.
Richard A. Maniskas, Esquire
1055
Westlakes Dr., Ste. 3112
Berwyn, PA
19312
484-324-6800
844-291-9299
www.maniskas.com
rm@maniskas.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rm-law-announces-investigation-of-transdigm-group-incorporated-300428627.html
SOURCE RM LAW, P.C.