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TRS. OF LOCAL 282 WELFARE TRUST FUND v. TRANSAMERICA INS. CO.

160 A.D.2d 380 (1990)

Trustees of Local 282 Welfare Trust Fund and Others, Respondent, v. Transamerica Insurance Company, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

April 12, 1990

This is an action brought by plaintiff, the Trustees of Local 282 Welfare Trust Fund, Local 282 Pension Trust Fund, and Local 282 Annuity Trust Fund (collectively Trustees), to recover the sum of $150,000 on a surety bond issued by defendant, Transamerica Insurance Company (Transamerica). Transamerica had issued the bond on December 18, 1985 to guarantee the payment of fringe benefits which its principal, Certified Concrete Company...

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