T. Rowe Price Settles Patent Infringement Case; Suit Dismissed With Prejudice
T. Rowe Price will continue to use automated services in providing 401(k) plans without payment of settlement or licensing fees
BALTIMORE, Feb. 9, 2016 /PRNewswire/ --
The patents in question were related to automatic investment services, including automatic enrollment and automatic increase tools, which help plan participants get started in their plans and allow them to systematically make higher contributions to their plans over time.
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Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $763.1 billion in assets under management as of December 31, 2015. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com or our Twitter, YouTube, Linkedin, and Facebook sites.
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SOURCE T. Rowe Price Group, Inc.