SHAREHOLDER ALERT: WeissLaw LLP Announces An Investigation of Trinity Industries, Inc.
NEW YORK, Oct. 23, 2014 /PRNewswire/ -- WeissLaw LLP, a national class action shareholder rights law firm with offices in New York and Los Angeles, is launching an investigation into director and officer wrongdoing at Trinity Industries, Inc. ("TRN" or "Trinity"). On October 20, 2014, a Texas Federal jury found that Trinity defrauded the United States government in the sale of defective and dangerous guardrail systems which can slice through vehicles instead of collapsing when hit head-on, endangering the lives of motorists throughout the country. As a result, the guardrails have thus far been banned by eight states and Trinity is liable for $525 million in damages to the United States Treasury, as well as fines and fees that could raise its exposure to $1 billion or more and, as Fitch has noted, may subject Trinity to a liquidity squeeze if its credit profile deteriorates below investment grade.
If you own TRN shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin or Kelly Keenan either by telephone at (888) 593-4771 or by email at [email protected].
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
[email protected]
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SOURCE WeissLaw LLP
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