Anthony v. Perose

Opinion

Per Curiam,

Lehigh Tile & Marble Co., a partnership, appellee herein, in 1952 purchased from New York Life Insurance Company a “key man” policy of insurance in the face amount of $25,000 on the life of its Office Manager, John Anthony. Upon appellant’s resignation from Le-high to take a position with another firm, he demanded delivery of the policy to him. This denied, the present suit in equity was brought to compel transfer of ownership of the policy, including all dividends thereon, to plaintiff. The complaint also prayed that the employer be declared a trustee of the policy for…