WILMINGTON, Del., May 1, 2015 /PRNewswire/ -- Rigrodsky & Long,
P.A.:
- Do you, or did you, own shares of Trinity Industries, Inc.
(NYSE: TRN)?
- Did you purchase your shares between February 16, 2012 and April 21, 2015, inclusive?
- Did you lose money in your investment in Trinity Industries,
Inc.?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant
United States Attorney, Timothy J.
MacFall, announces that a complaint has been filed in the
United States District Court for the Northern District of
Texas on behalf of all persons or
entities that purchased the common stock of Trinity Industries,
Inc. ("Trinity" or the "Company") (NYSE: TRN) between February 16, 2012 and April 21, 2015, inclusive (the "Class Period"),
alleging violations of the Securities Exchange Act of 1934 against
the Company and certain of its officers (the "Complaint").
If you purchased shares of Trinity during the Class Period, or
purchased shares prior to the Class Period and still hold
Trinity, and wish to discuss this action or have any
questions concerning this notice or your rights or interests,
please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com;
or at:
http://www.rigrodskylong.com/investigations/trinity-industries-inc-trn.
The Complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements, and
omitted materially adverse facts, about the Company's business,
operations and prospects. Specifically, the Complaint alleges
that the defendants concealed from the investing public that: (1)
Trinity changed certain dimensions of the ET-Plus in 2005 without
telling the Federal Highway Administration ("FHWA"), the government
agency that certifies the safety of roadside hardware; and (2) as a
result of the foregoing, Trinity's public statements were
materially false and misleading at all relevant times. As a
result of defendants' alleged false and misleading statements, the
Company's stock traded at artificially inflated prices during the
Class Period.
According to the Complaint, on April 22,
2015, an article was published by Bloomberg News,
reporting that Trinity was at the center of a federal criminal
probe. The article stated that the U.S. Justice Department
was conducting a criminal investigation into the use of a highway
guardrail system linked to at least eight deaths.
On this news, shares in Trinity dropped over 9%, closing at
$32.82 per share on April 22, 2015, on heavy trading
volume.
If you wish to serve as lead plaintiff, you must move the Court
no later than June 29,
2015. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. In order to be appointed lead plaintiff, the
Court must determine that the class member's claim is typical of
the claims of other class members, and that the class member will
adequately represent the class. Your ability to share in any
recovery is not, however, affected by the decision whether or not
to serve as a lead plaintiff. Any member of the proposed
class may move the court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member.
While Rigrodsky & Long, P.A. did not file the Complaint in
this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, including claims
for breach of fiduciary duty and proxy violations in the
Delaware Court of Chancery and in
state and federal courts throughout the
United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-rigrodsky--long-pa-announces-a-securities-fraud-class-action-lawsuit-has-been-filed-against-trinity-industries-inc-300076084.html
SOURCE Rigrodsky & Long, P.A.