Description: Lawsuit by New York City pension funds to compel aerospace company to include climate change-related shareholder proposal in its proxy materials.
New York City Employees’ Retirement System v. TransDigm Group, Inc.
Filing Date Type File Action Taken Summary 01/18/2019 Stipulation Download Stipulation of settlement and dismissal filed. Aerospace Company Agreed to Include New York City Pension Funds’ Shareholder Proposal for Greenhouse Gas Management Plan in Proxy Materials. In December 2018, New York City’s five public pension funds filed a lawsuit alleging that an aerospace company intended to unlawfully exclude from its proxy materials their shareholder proposal requesting that the company adopt a management plan for greenhouse gas emissions. The company subsequently withdrew its request to the Securities and Exchange Commission (SEC) for a no-action determination. The company also advised the SEC that it would include the proposal in its 2019 proxy materials. In January 2019, the federal lawsuit was resolved by a stipulation of settlement and dismissal filed by the parties. 12/06/2018 Complaint Download Complaint filed.