Oak Street Funding, LLC v. Lynn Ingram

Plaintiff-Appellant Oak Street Funding, LLC (“Oak Street”) appeals from a district court order granting summary judgment and dismissing its claims of conversion and unjust enrichment against Lynn S. Ingram, Paul Murphy, and 360 Risk Management, Inc.

Ingram was a founding member of Pon-ta Castle Ingram Agency, Inc. (“PCI”), an insurance company. Oak Street loaned PCI money that was secured by PCI’s business assets. Oak Street alleges that Ingram wrongfully obtained PCI customer accounts with the help of Murphy and 360 Risk Management.

The district court dismissed Oak Street’s conversion and…