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Judge orders Trinity to pay $663M over guardrails

Jun. 09, 2015 5:13 PM ETTrinity Industries, Inc. (TRN) StockTRNBy: Carl Surran, SA News Editor20 Comments
  • Trinity Industries (NYSE:TRN) -1.4% AH after a U.S. district judge tells it to pay $663M for defrauding the U.S. government in the case of the its highway guardrail safety system tied to at least nine deaths.
  • The penalty is $138M more than imposed last year in a federal trial in which jurors found TRN cheated the government by selling its ET-Plus guardrail system without disclosing changes made in 2005.
  • The ruling follows the unsuccessful end of settlement talks ordered after the October verdict; the judge was considering a final judgment in the $525M-$709M range.

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