Johnson & Weaver, LLP Announces Investigation of TransDigm Group Incorporated; Investors Encouraged to Contact Firm
SAN DIEGO- PRNewswire —August 16, 2017
Johnson & Weaver, LLP reminds investors that a class action case was filed against TransDigm Group Incorporated (NYSE: TDG) (“TransDigm”) for purchasers of the stock between May 10, 2016 and January 19, 2017, inclusive (the “Class Period”).
The complaint filed in this class action alleges that TransDigm made false and/or misleading statements and/or failed to disclose that: (1) TransDigm’s growth and profitability were artificially inflated as a result of its illicit business practices; (2) the Company used exclusive distributors to make noncompetitive government bids seems competitive; (3) TransDigm subsidiaries failed to list TransDigm as a parent entity when submitting government bids; and (4) as a result of the foregoing, Defendants’ statements about TransDigm’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. As a result of this fraudulent scheme, Defendants were able to artificially inflate the Company’s financials throughout the Class Period.
If you purchased shares during the Class Period and suffered a loss in TransDigm and suffered a loss in TransDigm, you have until October 10, 2017 to request that the Court appoint you as lead plaintiff.
If you are a long-term shareholder of TransDigm shares and continuously held shares before May 10, 2016, you may have standing to hold TransDigm harmless from the damage the officers and directors may have caused by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.
If you are a long-term TransDigm shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.