Deadline in Lawsuit for Investors in Trinity Industries Inc (NYSE:TRN) Shares Announced by Shareholders Foundation
May 04 2015 - 9:55AM
The Shareholders Foundation, Inc. announces that a lawsuit was
filed on behalf of certain purchasers of shares of Trinity
Industries Inc (NYSE:TRN) over alleged Violations of Federal
Securities Laws by Trinity Industries in connection with certain
allegedly false and misleading statements regarding its ET-Plus
guardrail systems.
Investors, who purchased a significant amount of shares of
Trinity Industries Inc (NYSE:TRN) between February 16, 2012 and
April 21, 2015, AND/OR Investors who purchased any NYSE: TRN shares
prior to February 2012 (including those who purchased NYSE TRN in
2005 or earlier) and continue to hold any of those shares, have
certain options and for certain investors are short and strict
deadlines running. Deadline: June 26, 2015. NYSE TRN investors
should contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 -
1554.
The plaintiff claims that defendants made allegedly false and/or
misleading statements and/or allegedly failed to disclose that
Trinity Industries Inc. 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 that as a result of the foregoing, Trinity
Industries Inc's public statements were materially false and
misleading at all relevant times.
On October 20, 2014, a federal jury found Trinity Industries Inc
liable for hiding information from the U.S. government over
modifications made to Company's ET-Plus guardrail systems.. The
jury said those violations caused the U.S. government to incur $175
million in damages, making Trinity Industries Inc potentially
liable for three times that amount in liability payments.
Additionally, several other states have prohibited further
purchases of the guardrail system citing safety concerns.
On April 22, 2015, a report stated that "the U.S. Justice
Department is conducting a criminal investigation into the use of a
highway guardrail system linked to at least eight deaths, according
to people familiar with the matter, signaling a new wave of
potential woes for manufacturer Trinity Industries Inc."
The lawsuit seeks to recover damages for certain Trinity
Industries investors.
Those who purchased Trinity Industries Inc shares have certain
options and should contact the Shareholders Foundation, Inc. by
e-mail at mail@shareholdersfoundation.com or call +1 (858)
779-1554.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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