An investigation for investors in Trinity Industries Inc (NYSE:TRN) shares over potential wrongdoing at Trinity Industries Inc is ongoing and current long-term NYSE:TRN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/16/2015 -- An investigation for investors, who currently hold shares of Trinity Industries Inc (NYSE:TRN) Long-term, is ongoing concerning potential breaches of fidruciary duties by certain Trinity Industries officers and directors that caused the company and its shareholders financial damages.
Investors who currently hold shares of Trinity Industries Inc (NYSE:TRN) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain Trinity Industries officers and directors breached their fiduciary duties and caused damage to the company and NYSE:TRN stockholders.
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 December 12, 2014, a news outlet reported that, according to two guardrail industry professionals Trinity Industries Inc allegedly began making yet another undisclosed version of the guardrail systems. Shares of Trinity Industries Inc (NYSE:TRN) declined from $50.30 per share in September 2014 to as low as $24.41 per share on January 14, 2015.
Then on March 11, 2015, it was reported that federal officials released a survey of potentially dangerous guardrails and said that they found no evidence that the guardrails had been quietly changed to make them safer after accusations that earlier changes had made them less safe.
Shares of Trinity Industries Inc (NYSE:TRN) closed on March 11, 2015, at $31.77 per share.
Those who purchased shares of Trinity Industries Inc (NYSE:TRN) have certain options and should contact the Shareholders Foundation.
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