Goldberg
Law PC announces that a class action lawsuit has been filed in the
United States District Court for the Northern District of Texas against
Trinity Industries, Inc. (NYSE: TRN)
(“Trinity” or the “Company”) for alleged violations of federal
securities laws. Investors who purchased, or otherwise acquired shares,
between February 16, 2012 and April 21, 2015, inclusive (the “Class
Period”), have until June 29, 2015 to serve as lead plaintiff in the
class action.
If you are a shareholder who suffered a loss during the Class Period, we
advise you to contact Michael
Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr., Suite 1404, Marina Del Rey,
CA 90292, at 800-977-7401, to discuss your rights without cost to you.
You can also reach us by email at info@goldberglawpc.com
or through the firm’s website at Goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
Trinity Industries, Inc. provides products and services to companies in
the transportation, chemical, and industrial sectors. The complaint
alleges that during the Class Period Trinity made false and/or
misleading statements and/or failed to disclose that: (1) Trinity
modified certain dimensions of the ET-Plus in 2005 without notifying the
Federal Highway Administration (“FHWA”), the federal agency that
certifies the safety of roadside hardware; and (2) as a result,
Trinity’s public statements were materially false and misleading at all
relevant times.
On October 12, 2014, the New York Times published an article
reporting that at least three states had banned the use of guardrail
heads produced by Trinity. This news caused shares of Trinity to drop
nearly 6% on heavy volume. On April 21, 2015, an article featured in Bloomberg
News claimed that Trinity was being investigated by the U.S.
Department of Justice for purposefully withholding information from the
FHWA about the safety of its guardrails, resulting in Trinity shares
falling by over 9%. On April 24, 2015, Trinity confirmed that they were
the target of a federal investigation, causing shares to fall an
additional 14% to close at 28.70 per share.
If you have any questions concerning your legal rights in this case,
please immediately contact Goldberg Law PC at 800-977-7401, via email at info@goldberglawpc.com,
or visit our website at Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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