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TransDigm Group Incorporated (TDG)



Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In TransDigm Group Incorporated To Contact The Firm

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, please fill out the form below.  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.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    TransDigm Group Incorporated (TDG)

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 08/11/2017

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