By Katy Stech
A federal jury decided that a Texas manufacturer should pay $175 million in a case brought by a whistleblower who questioned the safety of thousands of highway guardrail end caps on the nation's roads.
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.
Sign-up for SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Directors of Trinity Industries Inc. investment picks
Young Law Firm (the “Firm”) is investigating possible claims against
the board of directors (the “Board”) of Trinity Industries, Inc
(“Trinity” or the “Company”). The Firm’s investigation concerns whether
the Board may have breached fiduciary duties to shareholders in relation
to the Company’s announcement on October 20, 2014 that a jury in the
U.S. District Court for the Eastern District of Texas had returned a
verdict against Trinity Industries, Inc. (NYSE:TRN) in a False Claims
Trinity Industries, Inc. (NYSE:TRN) announced today that its subsidiary,
Trinity Rail Group, LLC, has entered into a supply agreement with GATX
Corporation (“GATX”) to deliver 8,950 railcars over a four-year period,
beginning March 2016.
Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for
the third quarter ended September 30, 2014, including the following
Trinity Industries, Inc. reported net income attributable to Trinity
stockholders of $149.4 million, or $0.90 per common diluted share, for
the third quarter ended September 30, 2014.
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