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PRUDENTIAL INS. CO. OF AMERICA v. GRAY MANUFACTURING CO.

No. 188, Docket 28448.

328 F.2d 438 (1964)

The PRUDENTIAL INSURANCE COMPANY OF AMERICA, Plaintiff, v. The GRAY MANUFACTURING COMPANY, Defendant-Appellant, and Jennie Johnson Ditmars, Defendant-Appellee.

United States Court of Appeals Second Circuit.

Decided January 29, 1964.

Attorney(s) appearing for the Case

Maxwell M. Merritt and John J. McGrath, Hartford, Conn., for defendant-appellant.

Robert Y. Pelgrift, Hartford, Conn. (Pelgrift, Dodd & Stoughton, Hartford, Conn., Hubbell & Van de Walle, New York City, on the brief), for defendant-appellee.

Before MOORE, FRIENDLY and KAUFMAN, Circuit Judges.

KAUFMAN, Circuit Judge.

By the terms of an employment contract concluded in 1957, appellant Gray Manufacturing Company agreed to maintain certain insurance policies previously secured on the life of Walter Ditmars, an executive of the Company. Stated briefly, the agreement provided that Ditmars' wife, the present appellee, was to become the beneficiary of these policies for a period extending through December 31, 1962, the date on which Ditmars' employment was to...

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