SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

June 24, 2015 12:56 ET

TRINITY SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Trinity Industries Inc. (TRN) to Contact the Firm Ahead of Imminent Lead Plaintiff Deadline

NEW YORK, NY--(Marketwired - June 24, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Trinity Industries Inc. ("Trinity" or the "Company") (NYSE: TRN) of the June 29, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers. The lawsuit is pending in the United States District Court, Northern District of Texas.

The complaint alleges that Trinity and its executives violated federal securities laws by failing to disclose that the Company changed the dimensions of its ET-Plus guardrail product in 2005 without informing the Federal Highway Administration ("FHWA").

On October 20, 2014, a federal jury found Trinity liable for concealing information from the U.S. government over modifications made to the Company's ET-Plus guardrail systems. The jury found that the Company's violations had caused the U.S. government to incur $175 million in damages, making Trinity potentially liable for three times that amount. Additionally, several other states have prohibited further purchases of the guardrail system citing safety concerns.

On April 22, 2015, a Bloomberg news 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." On this news, Trinity stock declined $3.43 per share, over 9%, to close at $32.82 per share on April 22, 2015.

On April 24, 2015, the Company confirmed the initiation of the federal investigation in a conference call with investors. On this news, Trinity stock declined an additional $4.66 per share, or 14%, to close at $28.70 per share on April 24, 2015 on heavy trading volume.

Request more information now by clicking here: www.faruqilaw.com/TRN. There is no cost or obligation to you.

Take Action

If you invested in Trinity stock or options between February 16, 2012 and April 21, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/TRN. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Trinity's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    Email contact
    Telephone: (877) 247-4292
    (212) 983-9330