NEW YORK, April 6, 2016 /PRNewswire/ -- Strauss Law P.L.L.C., a litigation firm, has commenced an investigation into Trinity Industries, Inc. ("Trinity" or the "Company") to determine whether the officers and directors of Trinity have breached their fiduciary duties owed to the Company and its shareholders.
Dallas, Texas-based Trinity (NYSE: TRN) provides various products and services for the energy, transportation, chemical, and construction sectors. Trinity's product lines include tank and freight railcars, inland hopper and tank barges, highway guardrail and safety products, and ready-mix concrete. Trinity markets its products in the United States and internationally.
An October 20, 2014 article featured in The New York Times reported that at least three states had banned the use of guardrail heads manufactured by Trinity, citing safety concerns. The article also reported that a Texas jury found that Trinity withheld information from the Federal Highway Administration about cost-saving changes to its highway guardrail system, which made it more dangerous, ruling the company defrauded the government by $175 million.
On June 9, 2015, The New York Times reported that the judgment was increased to $663 million which includes a tripling of the $175 million judgment to $525 million and Trinity was ordered to pay additional civil penalties of $138 million.
What You Can Do
If you are a long-term Trinity shareholder, you may have legal claims against Trinity's officers and directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Jesse Strauss at 212-822-1496 or via email at email@example.com.
About Strauss Law P.L.L.C.
Strauss Law P.L.L.C. is a full service litigation firm with a specialty in, among other related practice areas, shareholder rights and business owner disputes. Strauss Law P.L.L.C.'s founder, Jesse Strauss, has over a decade of experience getting justice for his clients, including trial experience at a top national law firm, litigating complex securities fraud matters at a leading plaintiff side class action litigation firm, and clerking for a U.S. District Court Judge. Jesse takes on the tough cases and gets results. He has been twice selected as a New York "Super Lawyer" by Thompson Reuters for his work.
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SOURCE Strauss Law P.L.L.C.