Grad v. Roberts

The plaintiff and the defendant were stockholders in the Hudson Boulevard East Land Corporation, the owner of a large parcel of land in West New York, New Jersey. The defendant, a professional engineer, had participated in the formation of the corporation and the securing of financial backers, of which the plaintiff was one. Plans were projected, and the defendant, in his professional capacity as engineer, worked along with the retained architect in formulating the blueprints for the proposed building. The project limped along at a pace unsatisfactory to the stockholders, and it was *812decided…