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AEG Active Energy Group Plc

0.225
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Active Energy Group Plc LSE:AEG London Ordinary Share GB00BPG7NS80 ORD GBP0.0035
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.225 0.20 0.25 0.225 0.225 0.225 175,272 08:00:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

US Judge Affirms $13.1 Million Patent Decision Against Transamerica

25/06/2009 7:53pm

Dow Jones News


Active Energy (LSE:AEG)
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   DOW JONES NEWSWIRES 
 

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.

A Transamerica spokesman couldn't immediately be reached for comment.

-By Kevin Kingsbury, Dow Jones Newswires; 201-938-2136; kevin.kingsbury@dowjones.com

 
 

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