$13M Patent Verdict Against Transamerica Affirmed

Law360, New York (June 25, 2009, 12:00 AM EDT) -- A federal judge has affirmed a $13.1 million jury verdict against Transamerica Life Insurance Co., holding that reasonable grounds supported the jury's February finding that Transamerica infringed a patent held by Lincoln National Life Insurance Co. for benefit riders.

Judge Mark W. Bennett of the U.S. District Court for the Northern District of Iowa on Friday entered a final judgment of the $13.1 million damages figure against Transamerica.

Earlier this month, he entered an injunction barring Transamerica from using a computer to administer new or existing...
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