Guerrand-Hermès v. J.P. Morgan & Co.

Order, Supreme Court, New York County (Karla Moskowitz, J.), entered January 9, 2003, which, insofar as appealed from, denied defendants’ motion for summary judgment to dismiss the causes of action for negligence, breach of fiduciary duty, and breach of contract, as well as plaintiffs’ claims for lost profits and punitive damages, unanimously reversed, on the law, with costs, and the causes of action and damages claims dismissed. The Clerk is directed to enter judgment in favor of defendants, dismissing the complaint.

This action arises out of a loan and two brokerage agreements that plaintiff…