TRN INVESTOR ALERT: Investigation of Trinity Industries, Inc. Announced by Glancy Binkow & Goldberg LLP
23 April 2015 - 3:50AM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims on behalf of investors of Trinity
Industries, Inc. (“Trinity” or the “Company”) (NYSE: TRN)
concerning the Company’s and its officers’ possible violations of
federal securities laws. Glancy Binkow & Goldberg is preparing
a class action to recover damages on behalf of injured Trinity
shareholders.
Trinity’s ET-Plus guardrail system has been implicated in
several roadside injuries and deaths. Reports of at least eight
deaths connected to Trinity’s guardrail led to multiple
investigations into the safety of the system, including crash tests
conducted by the Federal Highway Administration (“FHWA”). On April
21, 2015 it came to light that Trinity is being investigated for
potentially bribing or otherwise corrupting the FHWA inquiry into
the safety of the ET-Plus system. According to a report published
by Bloomberg News, “federal investigators are interviewing
potential witnesses about issues including Trinity’s relationship
with the FHWA, according to these people. Investigators from a
public corruption and special prosecutions unit of the Justice
Department have subpoenaed documents from court battles involving
Trinity’s ET-Plus on behalf of a grand jury.” On this news, shares
of Trinity have fallen almost $3.00 per share, or over 8%, during
intraday trading, on unusually high volume.
If you purchased shares of Trinity prior to April 22, 2015, 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 Binkow & Goldberg LLP, 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.
Glancy Binkow & Goldberg LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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