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Strategies & Market Trends : Value Investing

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To: Graham Osborn who wrote (55588)7/1/2015 12:30:03 PM
From: 56Chevy   of 78747
 
This may have been posted as well...it is a week old now...if so it can be removed.

Judge Approves Bond and Orders Stay Pending Appeals (6/23/15)

On June 23, 2015, the United States District Court for the Eastern District of Texas, Marshall Division, (the “District Court”) approved Trinity Industries, Inc. and Trinity Highway Products, LLC (together, the "Company") posting of a supersedeas bond in the amount of $686.0 million (the “Bond”) and ordered a stay of the execution of the District Court’s June 9, 2015 entry of judgment of $682.4 million (the “Judgment”) against the Company pending resolution of all appeals in a federal False Claims Act case styled Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc., Defendant, Case 2:12-cv-00089-JRG. The Company obtained the Bond on an unsecured basis for an initial annual premium of $3.9 million. The Company intends to file certain post-Judgment motions and, depending upon the District Court’s rulings on those motions, to appeal to the United States Court of Appeals for the Fifth Circuit and seek a reversal of the Judgment.

http://www.sec.gov/Archives/edgar/data/99780/000009978015000104/a062315supersedeasbond.htm

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