Glancy
Prongay & Murray announces that an additional class action
lawsuit has been filed in the United States District Court for the
Eastern 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 29, 2015, inclusive (the “Expanded
Class Period”), have until June 29, 2015 to file a lead plaintiff motion
in the class action.
The complaint alleges that, among other allegations, 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 purchased Trinity shares or other securities during the Expanded
Class Period, have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Lesley
Portnoy, of Glancy Prongay & Murray, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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