InLiner Americas, Inc. v. MacOmb Funding Group, L.L.C.

OPINION

JEFFREY V. BROWN, Justice.

After the appellants defaulted on a secured loan and their creditor began proceedings to foreclose on the collateral, the appellants assigned the collateral to the creditor. Under the terms of the parties’ agreements, the “collateral” was defined to include all assignable causes of action the appellants owned or later acquired, as well as the proceeds of such collateral. In the central issue in this case, we are asked to determine whether, as a result of the pledge and assignment, the appellants transferred to the creditor unrelated legal-malpractice claims or…