Booth v. Security Mutual Life Insurance Company

HARTSHORNE, District Judge.

This is a diversity class suit brought by three members of a California local of the Laundry Workers’ International Union to recover for alleged breaches of trust aggregating approximately $1,000,000. The suit is brought against Louis Saperstein, an insurance agent, and Eugene James, one of the officers of the International Union, both of whom are alleged to have profited directly from such diversions of trust funds. In addition, the complaint names as defendants, Saperstein’s Harlew Agency, the Security Mutual Life Insurance Company, which wrote group insurance for…