San Diego, CA -- (SBWIRE) -- 11/03/2015 -- An investigation on behalf of purchasers of Senior Notes due 2024 from Trinity Industries Inc (NYSE:TRN) shares over potential securities laws violations in connection certain financial statements was announced.

Investors who purchased Senior Notes from Trinity Industries Inc (NYSE:TRN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.

The investigation by a law firm focuses on whether certain statements in connection with the offering of $400million aggregate principal amount of 4.55% senior unsecured notes due 2024 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission were materially false and misleading at the time they were made.

On September 22, 2014 Trinity Industries Inc (NYSE:TRN) announced that it has priced an underwritten offering of $400 million aggregate principal amount of 4.55% senior unsecured notes due 2024 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

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 October 28, 2014 Trinity Industries Inc (NYSE:TRN) announced earnings results for the third quarter ended September 30, 2014. Among other things, the company said that at September 30, 2014, the Company had cash and cash equivalents of $663.7 million. When combined with capacity under committed credit facilities, the Company had approximately $1.3 billion of available liquidity at the end of the third quarter. This level of liquidity includes the net proceeds received from the Company's issuance in September of $400 million in 4.55% senior notes due 2024.

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 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) declined from $50.30 per share in September 2014 to as low as $21.82 per share on October 2, 2015.

Those who purchased Senior Notes from 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