NEW YORK, Aug. 30, 2017 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of TransDigm Group Incorporated ("TransDigm" or the
"Company") (NYSE: TDG), including whether the board has breached
its fiduciary duties to shareholders.
On January 20, 2017, an entity
called Citron Research published a report titled "Could TransDigm
be the Valeant of the Aerospace Industry?'" The report states that
TransDigm's business is reliant on "'acquir[ing] airplane parts
companies (over 50 in total), fir[ing] employees, and egregiously
rais[ing] prices." On this news, TransDigm stock dropped
$24.86 per share, or 9.87%, to close
at $226.90 on January 20, 2017.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with potential conflicts of interest and inaccurate
public disclosures.
If you own TransDigm shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP