Hughes v. Encyclopaedia Britannica, Inc.

CAMPBELL, District Judge.

The complaint in this action alleges that the plaintiffs are former employees of defendant; that, on February 1, 1944, defendant put into effect a certain retirement income plan for its employees; that all contributions were to be made by defendant; that such contributions were to be used to purchase retirement insurance with the Equitable Life Assurance Society of the United States; that said plan was an inducement to the employees to continue in the employ of the defendant; that defendant failed to make the necessary deposits with Equitable for the years 1948 and…