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Bancorp Sues Metlife Again, Over Insurance Patent

Law360 (July 25, 2007, 12:00 AM EDT) -- Three months after defeating a patent infringement claim from Bancorp Services LLC, Metropolitan Life Insurance Co. has been hit with another lawsuit from the patent-holding company over insurance policy management systems.

St. Louis, Mo.-based Bancorp filed the suit Tuesday in a Texas federal court, alleging that MetLife violated a patent for a system that administers and tracks the value of life insurance policies in separate accounts. Bancorp is seeking damages to be determined at trial and an injunction from further alleged infringement.

“Without Bancorp's permission or...
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