TRINITY INDUSTRIES INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Trinity Industries Inc.

NEW ORLEANS--()--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”) announces that KSF has commenced an investigation into Trinity Industries Inc. (NYSE: TRN).

On October 20, 2014, a federal jury found Trinity liable for hiding information from the U.S. Federal Highway Administration over cost-cutting changes made to the company’s ET-Plus guardrail system, which consists of a flat piece of steel at the front of the guardrail that is intended to protect passengers in the event of a crash, and failing to properly test units containing the modifications. Trinity faces $525 million in penalties.

Since the verdict, multiple states have banned the ET-Plus system, the U.S. Federal Highway Administration has ordered new tests of Trinity's guardrail system, and Trinity has stopped shipments of its product.

Trinity is also named in at least 21 other lawsuits, most filed starting in 2012, alleging that its modified ET-Plus can lock up on impact, spearing cars rather than slowing them as intended. The suits collectively link the ET-Plus and at least eight deaths.

On December 12, 2014, Bloomberg News reported that, according to two guardrail industry professionals, to address that allegedly lethal flaw, Trinity began making yet another undisclosed version of the system.

KSF’s investigation is focusing on whether Trinity’s officers and/or directors breached their fiduciary duties to Trinity’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Trinity shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York, California and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Managing Partner
lewis.kahn@ksfcounsel.com

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