Welcome to the Trinity Securities Litigation Website
This website has been established to provide general information related to the proposed settlement of the case referred to as Isolde v. Trinity Industries, Inc., Case No. 3:15-cv-02093 (the "Action"), pending before the United States District Court for the Northern District of Texas (the "Court"). The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation of Settlement (the "Stipulation") dated September 23, 2019, which can be found and downloaded by clicking on the Case Documents tab above. Your rights may be affected by the Settlement if you purchased or otherwise acquired Trinity Industries, Inc. ("Trinity") common stock ("Securities") between February 16, 2012 and April 24, 2015, inclusive, and were damaged thereby.
The law firms of Robbins Geller Rudman & Dowd LLP, Lowenstein Sandler LLP, and Bernstein Litowitz Berger & Grossmann LLP represent you and other Class Members. You will not be charged for these lawyers. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. If you want to be represented by your own lawyer, you may hire one at your own expense.
WHAT IS THIS LAWSUIT ABOUT?
As more fully described in the Notice of Pendency and Proposed Settlement of Class Action (the "Notice"), the initial complaint in this Action was filed on April 27, 2015. On March 8, 2016, the Court appointed Lead Plaintiffs and Robbins Geller Rudman & Dowd LLP, Lowenstein Sandler LLP, and Bernstein Litowitz Berger & Grossmann LLP as Co-Lead Counsel.
On June 18, 2019, the parties engaged in a successful mediation session with Gregory P. Lindstrom, and the parties agreed to settle the Action, subject to approval of the Court.
WHAT DOES THE SETTLEMENT PROVIDE?
The Settlement, if approved, will result in the creation of a cash settlement fund of $7,500,000 (the “Settlement Amount”). The Settlement Amount, plus accrued interest (the “Settlement Fund”) and minus the costs of the Notice and all costs associated with the administration of the Settlement, as well as any attorneys’ fees and expenses that may be approved by the Court (the “Net Settlement Fund”), will be distributed to eligible Class Members pursuant to the Plan of Allocation that is described in the Notice.
ADDITIONAL INFORMATION
Although the information in this website is intended to assist you, it does not replace the information contained in the Notice and Stipulation, both of which can be found and downloaded by clicking on the Case Documents tab above. We recommend that you read the Notice and other relevant case documents carefully.
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
| SUBMIT A PROOF OF CLAIM |
The only way to be eligible to receive a payment from the Settlement. Proofs of Claim must be postmarked (if mailed) or received (if submitted online) on or before March 25, 2020. |
| EXCLUDE YOURSELF |
Get no payment. This is the only option that potentially allows you to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement. Exclusions must be postmarked on or before March 10, 2020. |
| OBJECT |
Write to the Court about why you do not like the Settlement, the Plan of Allocation, the application for an award of attorneys' fees and expenses and/or Plaintiffs' application for an award of their costs and expenses . You will still be a member of the Class. Objections must be received by the Court and counsel for the Settling Parties on or before March 10, 2020. |
| CALL INTO THE HEARING ON MARCH 31, 2020 |
Ask to speak in Court about the fairness of the Settlement. Requests to speak must be received by the Court and counsel for the Settling Parties on or before March 10, 2020. |
| DO NOTHING |
Receive no payment. You will, however, still be a member of the Class, which means that you give up your right to ever be part of any other lawsuit against the Defendants about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the litigation. |
IMPORTANT DATES AND DEADLINES
| Submit Proof of Claim: |
March 25, 2020 |
| Request Exclusion: |
March 10, 2020 |
| File Objection: |
March 10, 2020 |
| File Notice of Intention to Appear: |
March 10, 2020 |
| Court Hearing on Fairness of Settlement: |
March 31, 2020, at 10:00 a.m. CST |