Fed. Circ. Nixes $13M Lincoln National Patent Award

Law360, New York (June 23, 2010, 8:05 PM EDT) -- A federal appeals court has reversed a significant ruling relating to business method patents, finding that Transamerica Life Insurance Co. did not infringe a Lincoln National Life Insurance Co. system and sending the dispute back to district court with directions to vacate a $13 million jury award.

A three-judge panel in the U.S. Court of Appeals for the Federal Circuit determined Wednesday that the evidence of record did not support the jury's verdict of infringement of a patent describing a computerized method for administering variable annuity...
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