Thieler Law Corp advises investors with losses exceeding $100,000 of the June 29, 2015 lead plaintiff deadline in a class action lawsuit filed against Trinity Industries Inc (NYSE: TRN) (“Trinity Industries” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased Trinity Industries securities between February 16, 2012 and April 21, 2015, have until June 29, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Trinity Industries securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Trinity Industries changed certain dimensions of the ET-Plus in 2005 without telling the Federal Highway Administration (“FHWA”), the government agency that certifies the safety of roadside hardware.  Additionally, the complaint alleges that as a result of the foregoing, Trinity Industries’s public statements were materially false and misleading at all relevant times.

On October 12, 2014, an article was published in the New York Times, reporting that at least three states had banned the use of guardrail heads manufactured by Trinity Industries.  After the release of this news, shares of Trinity dropped $2.06, or 5.9%, on unusually heavy volume, to close at $32.88 on October 13, 2014.

On October 14, 2014, after the close of trading, the New York Times published an article reporting that the State of Virginia threatened to remove guardrails sold by Trinity Industries unless it performed additional safety tests.  After the release of this additional news, shares of Trinity Industries dropped $0.53, or over 1.5%, on unusually heavy volume, to close at $32.93 on October 15, 2014.

On October 20, 2014, a jury found that Trinity Industries deliberately withheld information from the U.S. about cost-saving changes to its highway guardrail system which made it more dangerous, ruling the company defrauded the government by $175 million. The verdict was the result of a whistleblower lawsuit, brought by Joshua Harman, which claimed that Trinity Industries made secret design changes that transformed one of its products into a potentially lethal highway hazard, falsely passing off the product as eligible for federal funding. The same day, an article was published by Bloomberg News, reporting on the jury’s verdict.  As a result of this news, shares of Trinity Industries dropped $4.42, or over 12.3%, on unusually heavy volume, to close at $31.42 on October 20, 2014.

On April 22, 2015, an article was published by Bloomberg News, reporting that Trinity Industries was the focus of a Federal Criminal Probe.  As a result of this news, shares of Trinity Industries dropped $3.43, or over 9.4%, on unusually heavy volume, to close at $32.82 on April 22, 2015.

If you were negatively impacted by your investment in Trinity Industries securities between February 16, 2012 and April 21, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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