DALLAS--(BUSINESS WIRE)--
Trinity Industries, Inc. (NYSE:TRN) announced today that the United
States Supreme Court has denied Joshua Harman’s request to review the
Fifth Circuit Court of Appeals’ holding that the company did not violate
the False Claims Act regarding the ET Plus® highway end
terminal system. This ruling further confirms the company’s
long-standing belief that no fraud was committed. The Supreme Court’s
denial of Mr. Harman’s petition ends this case.
Please refer to Note 18 to the financial statements in Trinity’s Form
10-Q for the period ended September 30, 2018, for additional information
about Joshua Harman, on behalf of the United
States of America, Plaintiff/Relator v. Trinity Industries, Inc.,
Defendant and the Company’s highway products and other litigation.
Information from the FHWA pertaining to the ET Plus® System
may be found at: http://www.fhwa.dot.gov/guardrailsafety/.
For
additional facts and product information related to the ET Plus®
System may be found at: www.etplusfacts.com.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns
businesses that are leading providers of rail transportation products
and services in North America. Our rail-related businesses market their
railcar products and services under the trade name TrinityRail®. The
TrinityRail integrated business platform provides railcar manufacturing,
maintenance and modifications, as well as railcar leasing and management
services. Trinity also owns businesses engaged in the manufacture of
products used on the nation’s roadways and in traffic control, as well
as logistical and transportation businesses that provide support
services to a variety of industrial manufacturers. Trinity reports its
financial results in three principal business segments: the Rail Group,
the Railcar Leasing and Management Services Group, and the All Other
Group. For more information, visit: www.trin.net.
Trinity Highway Products, LLC is a subsidiary of Trinity Industries, Inc.
Some statements in this release, which are not historical facts, are
“forward-looking statements” as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements about Trinity's estimates, expectations, beliefs, intentions
or strategies for the future, and the assumptions underlying these
forward-looking statements, including, but not limited to, future
financial and operating performance, future opportunities and any other
statements regarding events or developments that Trinity believes or
anticipates will or may occur in the future. Trinity uses the words
“anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,”
“forecasts,” “may,” “will,” “should,” “guidance,” “projected,”
“outlook,” and similar expressions to identify these forward-looking
statements. Forward-looking statements speak only as of the date of this
release, and Trinity expressly disclaims any obligation or undertaking
to disseminate any updates or revisions to any forward-looking statement
contained herein to reflect any change in Trinity’s expectations with
regard thereto or any change in events, conditions or circumstances on
which any such statement is based, except as required by federal
securities laws. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
historical experience or our present expectations, including but not
limited to risks and uncertainties regarding economic, competitive,
governmental, and technological factors affecting Trinity’s operations,
markets, products, services and prices, and such forward-looking
statements are not guarantees of future performance. For a discussion of
such risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see “Risk
Factors” and “Forward-Looking Statements” in Trinity’s Annual Report on
Form 10-K for the most recent fiscal year, as may be revised and updated
by Trinity’s Quarterly Reports on Form 10-Q, and Trinity’s Current
Reports on Form 8-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190107005676/en/
Investor Contact:
Jessica Greiner
Vice President,
Investor Relations and Communications
Trinity Industries, Inc.
214/631-4420
Media Contact:
Jack Todd
Vice President, Government
Relations
Trinity Industries, Inc.
214/589-8909
Source: Trinity Industries, Inc.