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TransDigm Group, Inc.

Case Summary

TransDigm Group, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 01/11/2019 (Ongoing date of last review)

Filing Date: August 10, 2017

According to the law firm press release, Defendants 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 illegal 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.

On December 5, 2017, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on February 16, 2018. On December 21, Lead Plaintiff filed a second amended Complaint.

Company & Securities Information

Defendant: TransDigm Group, Inc.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TDG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

City of Hollywood Firefighters' Pension Fund, et al. v. TransDigm Group, Inc., et al.

COURT: N.D. Ohio
DOCKET #: 17-CV-01677
JUDGE: Hon. Donald C. Nugent
DATE FILED: 08/10/2017
CLASS PERIOD START: 05/10/2016
CLASS PERIOD END: 01/19/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Climaco, Wilcox, Peca, Tarantino & Garofoli Co. LPA
    55 Public Square Suite 1950, Climaco, Wilcox, Peca, Tarantino & Garofoli Co. LPA, OH 44113
    216.621.8484 · cmjani@climacolaw.com
  2. Klausner, Kaufman, Jensen & Levinson
    10059 Northwest 1st Court, Klausner, Kaufman, Jensen & Levinson, FL 33324
    954.916.1202 954.916.1232 ·
  3. Saxena White PA (Boca Raton)
    2424 N. Federal Highway, Suite 257, Saxena White PA (Boca Raton), FL 33431
    561.394.3399 561.394.3399 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violations of the Federal Securities Laws 08/10/2017
2 U.S. District Court Civil Docket 12/05/2017
3 Memorandum Opinion and Order 12/05/2017

Reference Complaint

In re TransDigm Group, Inc. Securities Litigation

COURT: N.D. Ohio
DOCKET #: 17-CV-01677
JUDGE: Hon. Donald C. Nugent
DATE FILED: 12/21/2018
CLASS PERIOD START: 05/10/2016
CLASS PERIOD END: 03/21/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Climaco Wilcox Peca & Garofoli Co., LPA
    55 Public Square, Suite 1950, Climaco Wilcox Peca & Garofoli Co., LPA, OH 44113
    216.621.8484 216.771.1632 ·
  2. Klausner, Kaufman, Jensen & Levinson
    10059 Northwest 1st Court, Klausner, Kaufman, Jensen & Levinson, FL 33324
    954.916.1202 954.916.1232 ·
  3. Saxena White PA (Boca Raton)
    2424 N. Federal Highway, Suite 257, Saxena White PA (Boca Raton), FL 33431
    561.394.3399 561.394.3399 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Amended Class Action Complaint for Violations of the Federal Securities Laws and Jury Trial Demand 02/16/2018
2 U.S. District Court Civil Docket 02/16/2018

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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