BOSTON, March 22, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a national securities litigation firm representing investors nationwide announces that it is investigating TransDigm Group Incorporated ("TransDigm" or the "Company") (NYSE: TDG) and certain of its officers and directors concerning possible violations of the federal securities laws.
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 purchased or otherwise acquired TransDigm securities and have questions about your legal rights, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at [email protected], or by visiting www.blockesq.com/transdigm.
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
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Block & Leviton LLP
Bradley J. Vettraino
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SOURCE Block & Leviton LLP