WAYNE, Pa., April 24, 2015 /PRNewswire/ -- Ryan &
Maniskas, LLP has commenced an investigation into potential
securities law violations by certain officers of Trinity Industries
Inc. ("Trinity" or the "Company") (NYSE: TRN).
Trinity shareholders who purchased Trinity shares should contact
Richard A. Maniskas, Esquire at
877-316-3218 or at rmaniskas@rmclasslaw.com to learn more about
this investigation or visit: www.rmclasslaw.com/cases/trn.
The investigation concerns whether Trinity and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934 and/or breached their fiduciary
duties to the Trinity's shareholders.
Trinity is a diversified industrial company that owns
market-leading businesses providing products and services to the
energy, transportation, chemical, and construction sectors.
Among the products produced by Trinity is the ET-Plus guardrail
system, which has been linked to at least eight deaths because of
its allegedly faulty design.
On April 21, 2015, Bloomberg
Business published a report revealing that Trinity was being
investigated by the U.S. Department of Justice for potentially
bribing or otherwise corrupting the Federal Highway
Administration's investigations into the safety of the ET-Plus
guardrail system. It is also reported that agents from the
Boston offices of the FBI have
been interviewing potential witnesses and have subpoenaed documents
related to the Company's allegedly unlawful activities.
On this news, shares of Trinity fell $3.43 per share, or over 9%, to close at
$32.82 per share on April 22, 2015. This represented a one day
loss in market capitalization of over $500
million, and since the announcement of the Department of
Justice investigation, the stock has traded as low as $31.55.
If you own Trinity shares and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/trn.
You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com. For more information about class
action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old
Eagle School Rd., Suite 311
Wayne, PA
19087
877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/trn
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SOURCE Ryan & Maniskas, LLP