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 firstname.lastname@example.org.
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.
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SOURCE RM LAW, P.C.