An investigation on behalf of investors in Trinity Industries Inc (NYSE:TRN) shares over potential wrongdoing at Trinity Industries was announced and NYSE:TRN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/04/2016 -- Certain directors of Trinity Industries Inc are under investigation concerning potential wrongdoing. The investigation was announced for current long-term investors in NYSE:TRN shares concerning whether the directors of Trinity have breached their fiduciary duties owed to the Company and its shareholders.
Investors who purchased shares of Trinity Industries Inc (NYSE:TRN) and currently hold any of those NYSE:TRN shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Trinity Industries directors breached their fiduciary duties and caused damage to the company and its shareholders.
Dallas, Texas-based Trinity Industries Inc (NYSE:TRN) provides various products and services for the energy, transportation, chemical, and construction sectors. Trinity's product lines include tank and freight railcars, inland hopper and tank barges, highway guardrail and safety products, and ready-mix concrete. Trinity markets its products in the United States and internationally.
An October 20, 2014 article reported that at least three states had banned the use of guardrail heads manufactured by Trinity Industries Inc , citing safety concerns. The article also reported that a Texas jury found that Trinity Industries Inc withheld information from the Federal Highway Administration about cost-saving changes to its highway guardrail system, which made it more dangerous, ruling the company defrauded the government by $175 million.
On June 9, 2015, it was reported that the judgment was increased to $663 million which includes a tripling of the $175 million judgment to $525 million and Trinity Industries Inc (NYSE:TRN was ordered to pay additional civil penalties of $138 million.
Those who purchased shares of Trinity Industries Inc have certain options and should contact the Shareholders Foundation.
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