TRN INVESTORS: Glancy Prongay & Murray Announces An Expanded Class Period In The Class Action Filed On Behalf Of Trinity Indu...
June 23 2015 - 10:30AM
Business Wire
Glancy Prongay & Murray announces that an additional class
action lawsuit has been filed in the United States District Court
for the Eastern District of Texas against Trinity Industries, Inc.
(NYSE: TRN) (“Trinity” or the “Company”) for alleged violations of
federal securities laws. Investors who purchased, or otherwise
acquired shares, between February 16, 2012 and April 29, 2015,
inclusive (the “Expanded Class Period”), have until June 29, 2015
to file a lead plaintiff motion in the class action.
The complaint alleges that, among other allegations, Trinity
Industries, Inc. provides products and services to companies in the
transportation, chemical, and industrial sectors. The complaint
alleges that during the Class Period Trinity made false and/or
misleading statements and/or failed to disclose that: (1) Trinity
modified certain dimensions of the ET-Plus in 2005 without
notifying the Federal Highway Administration (“FHWA”), the federal
agency that certifies the safety of roadside hardware; and (2) as a
result, Trinity’s public statements were materially false and
misleading at all relevant times.
On October 12, 2014, the New York Times published an article
reporting that at least three states had banned the use of
guardrail heads produced by Trinity. This news caused shares of
Trinity to drop nearly 6% on heavy volume. On April 21, 2015, an
article featured in Bloomberg News claimed that Trinity was being
investigated by the U.S. Department of Justice for purposefully
withholding information from the FHWA about the safety of its
guardrails, resulting in Trinity shares falling by over 9%. On
April 24, 2015, Trinity confirmed that they were the target of a
federal investigation, causing shares to fall an additional 14% to
close at 28.70 per share.
If you purchased Trinity shares or other securities during the
Expanded Class Period, have information or would like to learn more
about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, of Glancy Prongay &
Murray, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150623005578/en/
Glancy Prongay & Murray, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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