This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Federal Signal Corporation Announces Legal Ruling Confirming Denial Of Preliminary Injunction

Stocks in this article: FSS

OAK BROOK, Ill., Aug. 3, 2012 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS), a leader in environmental, safety and transportation solutions, announced today that a federal district court in Delaware adopted a recommendation that a motion for a preliminary injunction against the Company be denied.

(Logo: http://photos.prnewswire.com/prnh/20120420/CG91760LOGO)

On June 18, 2012, in Neology, Inc. v. Federal Signal Corporation, et al., Magistrate Judge Thynge of the Federal District Court in Delaware issued a 72 page report and recommendation that a motion for a preliminary injunction against the Company be denied. Neology had filed the motion for a preliminary injunction seeking to enjoin Federal Signal from making and selling certain radio frequency identification products that operate in accordance with the ISO 18000-6C Standard ("6C tags") used for intelligent transportation and electronic tolling systems. Neology alleged in its motion that Federal Signal's products infringed certain patents owned by Neology, and that Neology suffered irreparable harm from the alleged infringement. Judge Thynge found that Neology had not met its burden to show it was entitled to a preliminary injunction.

Yesterday in a one page order, US District Court Judge Leonard P. Stark adopted Magistrate Thynge's recommendation and denied Neology's motion for a preliminary injunction.



Jennifer Sherman, the Company's Chief Administrative Officer, Senior Vice President, General Counsel, and Secretary, said, "We are very pleased with this result.  We were confident that Neology was not entitled to a preliminary injunction, and we are gratified that the Court agreed.  We look forward to prevailing on the merits of this matter at trial."

About Federal SignalFederal Signal Corporation (NYSE: FSS) enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and institutional customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the company operates four groups: Safety and Security Systems, Environmental Solutions, Federal Signal Technologies, and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs