Attorney Patents 'Tax Scheme' To Target Insurance Giant

Law360, New York (November 9, 2005, 12:00 AM EST) -- A Pennsylvania attorney patented a tax avoidance scheme through inequitable conduct, according to insurance provider Travelers Life and Annuity Co., which filed a preemptive lawsuit the same day the patent was granted.

Travelers Life, a branch of MetLife Inc., sued John J. Koresko Tuesday, seeking declaratory judgment of non-infringement. Koresko had earlier “threatened” the insurance giant with a patent lawsuit, according to Travelers Life.

The suit against Koresko, a nationally-recognized tax attorney, was filed in the U.S. District Court for the Eastern District of Pennsylvania....
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