Texas Railcar Firm Trinity Nets $10 Million in Corrosion Damages

A Texas railcar manufacturer can recover the full $10.6 million in damages a jury assessed against a Swiss concrete producer that destroyed and refused to fix its vehicles—far more than the $1.6 million a judge signed off on.

Trinity Industries Leasing Company flagged the onset of corrosion to its cars within the statute of limitations provided in its contract with a lessee, Lattimore Materials Corp., the Texas Court of Appeals, Fifth District, said Monday.

The Dallas appeals court said the accrual date for limitations began not when Trinity first detected corrosion, as a trial court found, but when Lattimore refused ...