TRN Deadline Alert: The Law Offices of Howard G. Smith Announces Expanded Class Period & Reminds Trinity, Inc. Investors of U...
26 June 2015 - 1:17AM
Business Wire
Law Offices of Howard G. Smith announces that an additional
class action lawsuit has been filed in the United States District
Courts for the Eastern and Northern District of Texas against
Trinity Industries, Inc. (NYSE: TRN) (“Trinity” or the “Company”)
for alleged violations of federal securities laws. Investors who
purchased, or otherwise acquired shares, between February 16, 2012
and April 29, 2015, inclusive (the “Expanded Class Period”), have
until June 29, 2015 to file a lead plaintiff motion in the class
action.
The complaint alleges that, among other allegations, Trinity
Industries, Inc. provides products and services to companies in the
transportation, chemical, and industrial sectors. The complaint
alleges that during the Expanded Class Period Trinity made false
and/or misleading statements and/or failed to disclose that: (1)
Trinity modified certain dimensions of the ET-Plus in 2005 without
notifying the Federal Highway Administration (“FHWA”), the federal
agency that certifies the safety of roadside hardware; and (2) as a
result, Trinity’s public statements were materially false and
misleading at all relevant times.
On October 12, 2014, the New York Times published an article
reporting that at least three states had banned the use of
guardrail heads produced by Trinity. This news caused shares of
Trinity to drop nearly 6% on heavy volume. On April 21, 2015, an
article featured in Bloomberg News claimed that Trinity was being
investigated by the U.S. Department of Justice for purposefully
withholding information from the FHWA about the safety of its
guardrails, resulting in Trinity shares falling by over 9%. On
April 24, 2015, Trinity confirmed that they were the target of a
federal investigation, causing shares to fall an additional 14% to
close at 28.70 per share.
If you purchased Trinity shares or other securities during the
Expanded Class Period, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625005928/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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