LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC announces that a class action lawsuit has been filed in the United States District Court for the 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 21, 2015, inclusive (the “Class Period”), have until June 29, 2015 to serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr., Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us by email at email@example.com or through the firm’s website at Goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Trinity Industries, Inc. provides products and services to companies in the transportation, chemical, and industrial sectors. The complaint alleges that during the 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 have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, via email at firstname.lastname@example.org, or visit our website at Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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