The Shareholders Foundation announced that an investigation on behalf of investors of Trinity Industries Inc (NYSE:TRN) shares was initiated over potential securities laws violations by Trinity Industries and certain of its directors and officers.
Investors who purchased shares of Trinity Industries Inc (NYSE:TRN) in 2013 or earlier and currently hold any of their NYSE:TRN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com 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 30, 2015, NYSE:TRN shares closed at $26.47 per share.
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