Investigation Overview
February 11, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Federal Signal Corporation (NYSE:FSS) was announced over potential breaches of fiduciary duties by certain officers and directors at Federal Signal.
The investigation by a law firm concerns whether certain Federal Signal officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Federal Signal Corporation reported that its annual Total Revenue rose from $851.30 million in 2013 to $918.50 million in 2014 while its Net Income declined from $160.00 million in 2013 to $63.70 million in 2014. Shares of Federal Signal Corporation (NYSE:FSS) declined from as high as $17.13 per share in November 2015 to as low as $13.48 per share in January 20, 2016.