Securities Claims Against Aircraft Parts Maker Lack Materiality, Judge Rules

Mealey's (February 21, 2020, 1:42 PM EST) -- CLEVELAND — A lead plaintiff in a securities class action lawsuit against a producer and supplier of highly engineered components for use on commercial and military aircrafts and certain of its senior executives has failed to sufficiently plead its federal securities law claims with the required materiality, a federal judge in Ohio ruled Feb. 19 in granting the defendants’ motion to dismiss (In re TransDigm Inc. Securities Litigation, No. 17-1677, N.D. Ohio, 2020 U.S. Dist. LEXIS 28087)....