Lustwerk v. Lytron, Inc.

Lustwerk, the holder of 392 of the 2,364 shares of the common stock of Lytron, Inc. (Lytron), and one of its directors, seeks to enjoin Lytron and its other directors (the holders of 1,832 common shares) from expending $500 for advertising, printing, mailing, and contributing “to any committees formed . . . for the purpose of influencing the voters to vote against the [proposed] so-called graduated income tax amendment 1 to the Massachusetts Constitution . . . in the [S]tote election in November, 1962.” Lustwerk asserts that such an expenditure would be illegal under G. L. c. 55, § 7 2 .…