This action arises out of a loan and two brokerage agreements that plaintiff Patrick Guerrand-Hermès, a former vice chairman of the board of directors of Hermès International and an heir of the Hermès family that founded the chain of retail stores bearing their name, acting through plaintiff Midori Holdings Inc. (Midori) as an investment vehicle, entered into with defendants (Morgan). In October 1997, the parties executed a series of loan and pledge agreements...
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