NEW YORK, Oct. 24, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Trinity Industries, Inc. ("Trinity Industries" or the "Company") (NYSE: TRN), concerning whether the board has breached its fiduciary duties to shareholders.
On October 20, 2014, a jury in Texas found that the Company defrauded the U.S. government by selling defective and dangerous guardrail systems which, instead of collapsing when struck by a vehicle, slice through the vehicle and can severely injure the passengers inside. The Trinity Industries guardrails have been banned in eight states and the Company is now liable for $525 million in damages to the federal government. Additional fines and fees could raise the Company's exposure to over $1 billion.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Trinity Industries shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP