- Trinity Industries (TRN -2.5%) and a whistle-blower have been ordered to enter mediation after the company lost a $175M verdict for defrauding the U.S. government.
- If the mediation fails, the case likely would pick up where it left off, and the case could drag on if the company appeals; TRN has disputed the verdict.
- UBS analyst Eric Crawford says TRN could withstand a large judgment related to the ET-Plus guardrail system because most of its profits are tied to its railroad business, but investors would not want to see a protracted legal battle.
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