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A.W. CHESTERTON CO., INC. v. CHESTERTON

CA No. 95-11800-JLT.

951 F.Supp. 291 (1997)

A.W. CHESTERTON COMPANY, INC., et al., Plaintiffs, v. Arthur W. CHESTERTON, Defendant.

United States District Court, D. Massachusetts.

January 15, 1997.

Attorney(s) appearing for the Case

Paul F. Beckwith, Harry L. Manion, III, John T. Hugo, Cooley, Manion, Moore & Jones, P.C., Boston, MA, for A.W. Chesterton Company, James D. Chesterton, Thomas Chesterton, Jr., Andrew W. Chesterton, Glenn E. Chesterton, Florence Chesterton, Boston Safe Deposit, Inc.

Lawrence P. Heffernan, Michael D. Lurie, Robinson & Cole, Boston, MA, Michael A. Baviello, Jr., Naples, FL, John E. Bradley, Tillinghast Licht & Semonoff, Boston, MA, for Arthur W. Chesterton.

Harry L. Manion, III, Cooley, Manion, Moore & Jones, P.C., Boston, MA, for A.W. Chesterton Company, James D. Chesterton, Thomas Chesterton, Jr., Andrew W. Chesterton, Glenn E. Chesterton, Florence Chesterton, Boston Safe Deposit, Inc.

MEMORANDUM

TAURO, Chief Judge.

Plaintiffs are A.W. Chesterton Company ("the Company") and members of the Chesterton family who control a majority of the Company's shares. Defendant is Arthur Chesterton, a minority shareholder of the Company. Plaintiffs bring this action to enjoin Defendant from selling a portion of his shares to other corporations, because such transactions would have the effect of terminating the Company's favorable tax status as...

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