San Diego, CA -- (SBWIRE) -- 05/11/2015 -- An investor, who purchased shares of Trinity Industries Inc (NYSE:TRN), filed a lawsuit in the U.S. District Court for the Northern District of Texas over alleged violations of Federal Securities Laws by Trinity Industries Inc in connection with certain allegedly false and misleading statements in connection with Trinity Industries' ET-Plus guardrail systems.

Investors who purchased shares of Trinity Industries Inc (NYSE:TRN) 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.

According to the complaint the plaintiff alleges on behalf of purchasers of Trinity Industries Inc (NYSE:TRN) common shares between February 16, 2012 and April 21, 2015, that the defendants violated Federal Securities Laws. More specifically, 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 12, 2014, an article was published in the New York Times, reporting that at least three states had banned the use of guardrail heads manufactured by Trinity Industries Inc.

On October 14, 2014, after the close of trading, the New York Times published an article reporting that the State of Virginia threatened to remove guardrails sold by Trinity Industries Inc unless it performed additional safety tests.

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 20, 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."

Shares of Trinity Industries Inc (NYSE:TRN) declined to as low as $26.72 per share on April 30, 2015.

Those who purchased shares of Trinity Industries Inc (NYSE:TRN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com