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AGS COMPUTERS, INC. v. BEAR, STEARNS CO.

244 N.J. Super. 1 (1990)

581 A.2d 508

AGS COMPUTERS, INC., A CORPORATION OF THE STATE OF NEW YORK, PLAINTIFF-APPELLANT, v. BEAR, STEARNS & COMPANY, INC., A CORPORATION OF THE STATE OF DELAWARE, DEFENDANT-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided October 17, 1990.

Attorney(s) appearing for the Case

Stephen N. Dratch argued the cause for appellant (Greenberg Margolis, Ziegler, Schwartz, Dratch, Fishman, Franzblau & Falkin, P.A., attorneys, Stephen N. Dratch of counsel and Steven Pasternak on the brief).

Frederick W. Rose argued the cause for respondent (Young, Rose, Imbriaco & Burke, attorneys, Frederick W. Rose and Vincent J. Profaci on the brief).

Before Judges KING, R.S. COHEN and STERN.

The opinion of the court was delivered by COHEN, R.S., J.A.D.

AGS Computers, Inc., contracted with Bear, Stearns & Company, Inc., a securities brokerage, to develop software for a government bond trading system, and to advise Bear, Stearns on choosing computer hardware for the system. AGS worked on the contract for a substantial period of time until it was terminated by Bear, Stearns. At the time, there were $442...

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