NEW YORK, Aug. 11, 2017 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm,
reminds investors in TransDigm Group Incorporated (“TransDigm” or the “Company”) (NYSE:TDG) of the October 10, 2017 deadline to
seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in TransDigm stock or options between May 10, 2016 and January 19, 2017 and would like to
discuss your legal rights, click here: www.faruqilaw.com/TDG. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
The lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of all those who purchased
TransDigm securities between May 10, 2016 and January 19, 2017 (the “Class Period”). The case, City of Hollywood
Firefighters' Pension Fund v. TransDigm Group, Inc. et al, No. 1:17-cv-01677 was filed on August 10, 2017, and has been
assigned to Judge Donald C. Nugent.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading
statements and/or failing to disclose that: (1) TransDigm’s growth and profitability were artificially inflated due to its unlawful
business practices; (2) the Company used exclusive distributors to make noncompetitive government bids seem competitive; (3) the
Company’s subsidiaries failed to list TransDigm as a parent entity when submitting government bids; and (4) as a result,
TransDigm’s statements regarding its business, operations, and prospects were false and misleading and/or lacked a reasonable
basis.
Specifically, on January 20, 2017, Citron Research, a well-known short seller, issued a research report (the “Report”) alleging
TransDigm of being the “Valeant of the aerospace industry.” The Report revealed, among other things, that the Company uses
multiple shell distributors that have no pricing power to avoid detection by making government bids seem competitive.
Further, the Report emphasized that TransDigm’s growth was driven, in large part, by rampant acquisitions and extreme debt
levels.
On this news, TransDigm’s share price fell from $251.76 per share on January 19, 2017 to a closing price of $226.90 on January
20, 2017 —a $24.86 or a 9.87% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding TransDigm’s conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results
do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential manner.
CONTACT: FARUQI & FARUQI, LLP 685 Third Avenue, 26th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. rgonnello@faruqilaw.com Telephone: (877) 247-4292 or (212) 983-9330
