Appellants Bancorp Services, L.L.C., and Benefit Finance Partners, L.L.C., (collectively “Bancorp”) appeal the order of the District Court for the Eastern District of Missouri granting summary judgment that appellee Metropolitan Life Insurance Company (“MetLife”) did not infringe U.S. Patent No. 5,926,792 (“the '792 patent”).
We conclude that the district court, in granting summary judgment of noninfringement, properly construed the phrase “calculating surrender value protected investment credits” (“SVPICs”) as meaning that “the accused system or method must calculate the difference between the ‘book value’ and the ‘market value,’” of a stable value insurance policy. Metro. Life Ins. Co. v. Bancorp Servs. L.L.C., No. 4:00-CV-1927, slip op. at 5 (E.D. Mo. Mar. 13, 2006) (“MetLife II”). However, we also conclude that the district court erred in denying additional discovery and that, even on the present record, Bancorp raised a genuine issue of material fact as to the issue of infringement. Accordingly, we vacate the judgment of noninfringement and remand for proceedings consistent with this opinion.
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