(By Balaseshan) Federal Signal Corp.
), a safety and transportation systems maker, announced legal ruling by a federal district court in Delaware confirming denial of preliminary injunction.
The Delaware court adopted a recommendation that a motion for a preliminary injunction against FSS be denied, in the Neology Inc. v. Federal Signal Corp. patent litigation.
On June 18, in Neology Inc. v. Federal Signal Corp., 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 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.
On Thursday in a one page order, US District Court Judge Leonard Stark adopted Magistrate Thynge's recommendation and denied Neology's motion for a preliminary injunction.
FSS is trading up 2.24% at $5.47 on Friday. The stock has been trading between $3.50 and $6.13 for the past 52 weeks.