On or around 11/27/2018 (Ongoing date of last review)
Filing Date: November 26, 2018
According to the Complaint, Esterline Technologies Corporation ("Esterline" or the Company) is a leading worldwide supplier to the aerospace and defense industry specializing in three core business segments: Advanced Materials; Avionics & Controls; and Sensors & Systems.
This action stems from a proposed transaction announced on October 10, 2018 (the “Proposed Transaction”), pursuant to which Esterline will be acquired by TransDigm Group Incorporated.
On November 7, 2018, Defendants filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (the “SEC”) in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
Company & Securities Information
Defendant: Esterline Technologies Corporation
Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States
Ticker Symbol: ESL
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
Michael Kent, et al. v. Esterline Technologies Corporation, et al.