An investigation for investors in Trinity Industries Inc (NYSE:TRN) shares over potential securities laws violations by Trinity Industries Inc was announced and NYSE:TRN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/28/2015 -- An investigation on behalf of investors of Trinity Industries Inc (NYSE:TRN) shares over potential securities laws violations by Trinity Industries and certain of its directors and officers was announced.
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 possible claims on behalf of purchasers of the securities of Trinity Industries Inc (NYSE:TRN) concerning whether certain statements by Trinity Industries Inc and certain of its directors and officers were materially false and misleading at the time they were made. More specifically, the investigation concerns 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.
On January 26, 2015, NYSE:TRN shares closed at $26.36 per share.
Those who purchased shares of Trinity Industries Inc (NYSE:TRN) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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