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 lgrant@grantfirm.com
or call 212-292-4441 or Nicholas Kalfa at nklafa1@gmail.com
or 646-250-4885.
Contacts:
TheGrantLawFirm, PLLC
Lynda Grant, 212-292-441
Fax:
212-292-4442
lgrant@grantfirm.com
www.grantfirm.com
Source: TheGrantLawFirm, PLLC
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