BOSTON, April 23, 2015 /PRNewswire/ -- Block &
Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors
nationwide, is investigating possible securities law violations by
Trinity Industries, Inc. ("Trinity" or the "Company") (NYSE:
TRN). The investigation concerns whether Trinity and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 and/or breached their fiduciary
duties the Trinity's shareholders.
Trinity is a diversified industrial company that owns
market-leading businesses providing products and services to the
energy, transportation, chemical, and construction sectors.
Among the products produced by Trinity is the ET-Plus guardrail
system, which has been linked to at least eight deaths because of
its allegedly faulty design.
On April 21, 2015,
Bloomberg Business published a report revealing that
Trinity was being investigated by the U.S. Department of Justice
for potentially bribing or otherwise corrupting the Federal Highway
Administration's investigations into the safety of the ET-Plus
guardrail system. It is also reported that agents from the
Boston offices of the FBI have
been interviewing potential witnesses and have subpoenaed documents
related to the Company's allegedly unlawful activities.
On this news, shares of Trinity fell $3.43 per share, or over 9%, to close at
$32.82 per share on April 22, 2015. This represented a one day
loss in market capitalization of over $500
million, and since the announcement of the Department of
Justice investigation, the stock has traded as low as $31.55.
Block & Leviton's investigation seeks to determine, among
other things, whether Trinity or its officers and directors have
violated the federal securities laws and/or breached their
fiduciary duties to their investors. If you have any
information relevant to this investigation, or if you have
purchased Trinity securities and have questions about your legal
rights, please contact attorney Mark A.
Delaney of Block & Leviton LLP at (617) 398-5600 or
email him at Mark@blockesq.com.
Confidentiality to whistleblowers or others with information
relevant to the investigation is assured.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP
Mark A. Delaney
(617) 398-5600
Mark@blockesq.com
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SOURCE Block & Leviton LLP