ERVIN, Circuit Judge:
This diversity action arose out of a real estate transaction in which all the parties— sellers, purchasers, real estate broker, mortgagee, and title insurer—used a single settlement attorney, who misappropriated the monies deposited with him.
The plaintiffs, Thomas and Linda Jacobs, sold a house in Arlington, Virginia, to defendants William and Jean Holden for $90,000, the closing taking place on August 1, 1979. Outstanding...
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