NEW YORK--(BUSINESS WIRE)--TheGrantLawFirm has commenced an investigation into potential breaches of fiduciary duties by directors of Trinity Industries, Inc. ("Trinity" or the "Company") (NYSE:TRN).
On October 20, 2014, after trial in the United States District Court for the Eastern District of Texas, a jury found that the Company defrauded the U.S. government by not disclosing changes made in 2005 to its ET-Plus guardrail systems, which can slice through vehicles instead of collapsing when hit head-on, endangering the lives of motorists throughout the country. The Company has sold for years and still sells the ET-Plus to highway departments throughout the country. The lawsuit alleged that every time Trinity sold the ET-Plus after the 2005 modifications, it provided a false certification that ET-Plus conformed to what had been approved by the Federal Highway Administration (“FHWA”). Those certifications - made to every state - were required for the contractor-purchasers that would forward those certifications as part of their invoice in order to be entitled to payment from state or federal authorities. The jury verdict has exposed the Company to as much as $1 billion in liability.
If you are interested in learning more about this investigation or if you wish to discuss these matters and have any questions concerning your rights, contact us at firstname.lastname@example.org or call 212-292-4441 or Nicholas Kalfa at email@example.com or 646-250-4885.