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TEXAS JURY RENDERS VERDICT AGAINST FEDERAL SIGNAL CORPORATION

 OAK BROOK, Ill., May 3 /PRNewswire/ -- Federal Signal Corporation announced today that a Texas jury rendered a verdict of $17,745,000 against Federal Sign, a division of Federal Signal Corporation, for alleged misrepresentations to Duravision, Inc. and Manufacturers Product Research Group of North America, Inc. in connection with a 1988 research and development project for indoor advertising signs.
 Kim Wehrenberg, general counsel for Federal Signal, stated that the company believes the court erroneously excluded important evidence and that the verdict was against the weight of the evidence. Based on the evidence, Mr. Wehrenberg stated, both inside and outside counsel handling the appeal are of the opinion that the likelihood of a substantially unfavorable result to Federal Signal on appeal is remote. Accordingly, the company has not recorded any charge to earnings as a result of this judgment.
 The ultimate resolution of the case would not, in the opinion of management, have a material effect on the company's financial position.
 Federal Signal Corporation, listed on the New York Stock Exchange, is a manufacturer and worldwide supplier of public safety, signaling and communications equipment, fire trucks, ambulances, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components.
 -0- 05/03/93
 /CONTACT: Charles R. Campbell of Federal Signal, 708-954-2020/
 (FSS)


CO: Federal Signal Corporation ST: Illinois, Texas IN: SU:

AH -- NY093 -- 3955 05/03/93 16:19 EDT
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Publication:PR Newswire
Date:May 3, 1993
Words:238
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