TRINITY INDUSTRIES INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Trinity Industries Inc. - TRN

NEW ORLEANS, May 1, 2015 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Trinity Industries Inc. (NYSE: TRN).

On October 20, 2014, a federal jury found Trinity liable for hiding information from the U.S. Federal Highway Administration over cost-cutting changes made to the company's ET-Plus guardrail system, which consists of a flat piece of steel at the front of the guardrail that is intended to protect passengers in the event of a crash, and failing to properly test units containing the modifications. Trinity faces $525 million in penalties. 

Trinity is also named in at least 21 other lawsuits alleging that its modified ET-Plus can lock up on impact, spearing cars rather than slowing them as intended. The suits collectively link the ET-Plus and at least eight deaths.

On December 12, 2014, Bloomberg reported that, according to two guardrail industry professionals, to address that allegedly lethal flaw, Trinity began making yet another undisclosed version of the system.

Then, on April 21, 2015, Bloomberg reported that the U.S. Justice Department is conducting a criminal investigation into Trinity's ET-Plus system.

Following this news, various shareholders have brought lawsuits against Trinity, alleging that the Company violated federal securities laws. 

KSF's investigation is focusing on whether Trinity's officers and/or directors breached their fiduciary duties to Trinity's shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of Trinity shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]).

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York, California and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
206 Covington St.
Madisonville, LA 70447

SOURCE Kahn Swick & Foti, LLC