Friday, June 26, 2009
US Judge Affirms $13.1 Million Patent Decision Against Transamerica
A Federal District Court judge in Iowa has affirmed a $13.1 million patent- infringement award to Lincoln National Corp. (LNC) regarding a computerized method of administering variable annuities... A jury in February decided in favor of Lincoln National in its lawsuit against fellow insurer Transamerica, owned by Aegon NV (AEG).
Variable annuities have been a key worry for life insurers as they guarantee minimum returns. But the stock-market rout, which ended in March for now, raised concerns about annuity sellers' ability to cover promised payments...
CNN Money: US Judge Affirms $13.1 Million Patent Decision Against Transamerica
Variable annuities have been a key worry for life insurers as they guarantee minimum returns. But the stock-market rout, which ended in March for now, raised concerns about annuity sellers' ability to cover promised payments...
CNN Money: US Judge Affirms $13.1 Million Patent Decision Against Transamerica
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