Deadline Alert: Glancy Prongay & Murray LLP Reminds Trinity Industries, Inc. Investors Of Upcoming Deadline

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP reminds investors of the upcoming deadline in the class action lawsuit filed in the United States District Court for the Northern District of Texas on behalf of a class (the “Class”) of purchasers of the securities of Trinity Industries, Inc. (“Trinity” or the “Company”) (NYSE: TRN) between February 16, 2012 and April 23, 2015, inclusive (the “Class Period”). Trinity investors have until June 29, 2015 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Trinity is a diversified industrial company that owns a variety of businesses that provides products and services to the energy, transportation, chemical, and construction sectors.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Trinity engaged in cost-cutting alterations to its ET-Plus guardrails; (2) the safety of its units was compromised as a result of the alterations; (3) the crash tests on Trinity’s products may have been flawed; and (4) Trinity faces additional civil and criminal liabilities as a result of the flawed crash tests. As a result of the foregoing, Defendants’ statements about Trinity’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis in that the Company’s liabilities were understated, and its financial projections were overstated.

After the market closed on April 21, 2015, an article published on Bloomberg stated that the U.S. Justice Department is investigating the Federal Highway Agency’s support of Trinity’s highway guardrail system. On this news, Trinity shares declined $3.43 per share, over 9%, to close at $32.82 per share on April 22, 2015. On April 24, 2015, the Company confirmed the initiation of the federal investigation in a conference call with investors. On this news, Trinity shares declined an additional $4.66 per share, or 14%, to close at $28.70 per share on April 24, 2015.

Investors who purchased shares of Trinity during the Class Period are encouraged to contact Lesley Portnoy, at (888) 773-9224 or (310) 201-9150, or at [email protected] to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150604005771/en/

Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Lesley Portnoy
Casey Sadler
(310) 201-9150
(888) 773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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