The Following is Based on a Letter From Warren B. Kanders to the Board of Directors of Federal...

Monday August 18, 12:26 pm ET STAMFORD, Conn.--(BUSINESS WIRE)--Warren B. Kanders: Calls on Independent Board Members to Demand Immediate Resignation of James C. Janning as Chairman of the Board, Who Also Serves as Group President of Harbour Group Warren B. Kanders, one of the largest shareholders of Federal Signal Corporation (NYSE: FSS - News ), in a letter to the Board of Directors, laid out a chronology of events leading him to believe that James C. Janning, and possibly several other current members of the Board who were directors at the time, may have been involved in a cover-up of insider trading by family members of Joseph J. Ross, former Chairman, CEO and President of FSS, that led to his sudden “retirement” in November, 2003. Mr. Kanders stated, that based upon the information he presented, “I believe the Board has... [read full story]