Seibert v. Milton Bradley Co.

This is an appeal by a shareholder of Milton Bradley Company (Milton Bradley) from a decision of a Superior Court judge in an action brought by the shareholder against Milton Bradley challenging the validity of a corporate by-law. After a hearing on cross motions for summary judgment, the judge upheld the by-law in issue and dismissed the plaintiff shareholder’s action. The shareholder appeals from the judgment of dismissal. We conclude that there was no error.

The essential facts of the case are undisputed. In 1976, the Massachusetts Legislature amended § 78 (c) (1) (iii) of c. 156B of the…