Wood v. Roy Lapidus, Inc.

Some six months of confinement to a hospital bed following a skiing accident in the winter of 1967 inspired the defendant Roy Lapidus to invent a device which would prevent decubitus ulcers (bed sores). While still abed, Lapidus developed his “Lapidus Airfloat System” and obtained the occasional collaboration of the plaintiff Barry Wood, who was a social and business friend. This case concerns Wood’s share in the corporation, Roy Lapidus, Inc. (the corporation), which Lapidus had earlier organized and which came to manufacture and sell the Airfloat System.

From the trial judge’s findings of…