Rhode Island Hospital Trust National Bank v. Swartz, Bresenoff, Yavner & Jacobs, a Virginia Partnership

WINTER, Circuit Judge:

Rhode Island Hospital Trust National Bank (“Bank”) sued Swartz, Bresenoff, Yavner & Jacobs, a firm of certified public accountants (“Accountants”), each of the partners of the firm and the estate of a deceased partner, alleging, inter alia, that Accountants had negligently audited the financial statements of International Trading Corporation and related companies (“Borrower”) in consequence of which Bank had made loans to Borrower which was unable to repay them and Bank sustained a loss in excess of $100,-000.00. The district court, sitting non-jury, concluded that the…