Alice Marie Riding v. Morgan Stanley & Co. LLC and David Holderbaum

CourtDistrict Court, W.D. Missouri
DecidedDecember 10, 2025
Docket4:25-cv-00648
StatusUnknown

This text of Alice Marie Riding v. Morgan Stanley & Co. LLC and David Holderbaum (Alice Marie Riding v. Morgan Stanley & Co. LLC and David Holderbaum) is published on Counsel Stack Legal Research, covering District Court, W.D. Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Alice Marie Riding v. Morgan Stanley & Co. LLC and David Holderbaum, (W.D. Mo. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF MISSOURI WESTERN DIVISION

ALICE MARIE RIDING, ) ) Plaintiff, ) ) v. ) No. 4:25-cv-00648-DGK ) MORGAN STANLEY & CO. LLC and DAVID HOLDERBAUM, ) ) Defendants. )

COURT’S ORDER OF SUA SPONTE DISMISSAL

This case arises from a dispute over a trust account pro se Plaintiff Alice Riding tried to open with Defendant Morgan Stanley & Co. (“Morgan Stanley”). Defendants Morgan Stanley and David Holderbaum (“Defendants”) have filed a motion to dismiss or, alternatively, to compel arbitration. ECF No. 24. Defendants assert multiple grounds for dismissal: (1) lack of diversity jurisdiction under Federal Rule of Civil Procedure 12(b)(1); (2) Plaintiff’s lack of Article III standing, which deprives the Court of subject-matter jurisdiction, under Rule 12(b)(1); (3) improper service under Rule 12(b)(4)–(5); and (4) failure to state a claim under Rule 12(b)(6). Defendants argue that compelled arbitration is a proper alternative disposition because Plaintiff assented to arbitration when she entered into a Client Agreement with Morgan Stanley. For the reasons discussed below, this case, whose theory derives from “sovereign citizen” ideology, is DISMISSED by the Court sua sponte under Rule 12(h)(3) for lack of subject-matter jurisdiction because it is patently meritless, specious, and insubstantial. Even if Plaintiff’s claims were not so, the Court would alternatively dismiss for lack of subject-matter jurisdiction under Fed. R. Civ. P. 12(b)(1) and for failure to state a claim upon which relief can be granted under Fed. R. Civ. P. 12(b)(6) for the reasons stated in Defendants’ motion to dismiss and supporting briefing. Standard of Review Whether the Court has subject-matter jurisdiction to decide the merits of a case is a

threshold matter. See Steel Co. v. Citizens for a Better Env’t, 523 U.S. 83, 94–95 (1998). “Without jurisdiction the court cannot proceed at all in any cause. Jurisdiction is power to declare the law, and when it ceases to exist, the only function remaining to the court is that of announcing the fact and dismissing the cause.” Ex parte McCardle, 74 U.S. (7 Wall.) 506, 514 (1868). While allegations of subject-matter jurisdiction need only meet a relatively low standard, “wholly insubstantial and frivolous claims,” claims that are “essentially fictitious,” and claims that are “obviously without merit” do not meet the standard. See Shapiro v. McManus, 577 U.S. 39, 45–46 (2015). It is well established that “federal courts are without power to entertain claims otherwise within their jurisdiction if they are so attenuated and unsubstantial as to be absolutely devoid of merit.” Hagans v. Lavine, 415 U.S. 528, 536–37 (1974) (citations

omitted). Thus, “[i]f the asserted basis for federal jurisdiction is patently meritless, then dismissal for lack of jurisdiction is appropriate.” Biscanin v. Merrill Lynch & Co., 407 F.3d 905, 907 (8th Cir. 2005) (citations omitted); see also Condor Corp. v. St. Paul, 912 F.2d 215, 219 (8th Cir. 1990) (dismissing “specious and totally insubstantial” claim for lack of jurisdiction). The question of subject-matter jurisdiction “may be raised . . . by a court on its own initiative[] at any stage in the litigation.” Arbaugh v. Y&H Corp., 546 U.S. 500, 506 (2006). If the Court finds that it lacks subject-matter jurisdiction, it must dismiss the case. Fed. R. Civ. P. 12(h)(3); see Jordan-A ex rel. Crawford v. United States, No. 4:22-CV-783-CDP, 2022 WL 3576162, at *1 (E.D. Mo. Aug. 19, 2022) (dismissing sovereign-citizen-style claim as “wholly insubstantial,” “frivolous,” and “essentially fictitious” under Fed. R. Civ. P. 12(h)(3)). In assessing its own jurisdiction, the Court has substantial authority and is “free to weigh the evidence and satisfy itself as to the existence of its power to hear the case.” Little v. United

States Dep’t of Def., No. 4:21-CV-1309-JAR, 2022 WL 1302759, at *2 (E.D. Mo. May 2, 2022) (quoting Little Otters of Love, LLC v. Rosenberg, 724 F. App’x 498, 501 (8th Cir. 2018) (per curiam)). Background As alleged in Plaintiff’s “First Amended Verified Bill in Equity” (“the Complaint”), ECF No. 7, Plaintiff submitted “private trust documents” to Defendants on March 28, 2024, authorizing them to accept a “Special Deposit Trust” and assume fiduciary responsibility for it. The parties agree that Defendants opened an account for Plaintiff to receive the trust property. Plaintiff then served Defendants with notice that they were in breach of their fiduciary duties to her and were given ten days “to cure, pursuant to equitable requirement.” Rather than

respond, Defendants issued an account closure notice and “refus[ed] to redeliver the res or discharge fiduciary obligations.” Plaintiff made similar submissions to the Internal Revenue Service, but she avers the “trust” remains “unsettled.” On April 21, 2024, Plaintiff submitted a formal “Statement of Interest” to confirm that she is a “Beneficial Owner.” In particular, the “Statement of Interest” declares that Plaintiff “deposited Birth Certificate (Certificate of Security) . . . and delivered . . . to Morgan Stanley & Co, LLC/Morgan Stanley Barney Smith LLC,” and that Morgan Stanley was in breach of its fiduciary duty. In July 2025, Plaintiff publicly recorded her “Beneficial Ownership Declaration.” This action was filed on August 15, 2025, as a “Verified Bill in Equity.” ECF No. 1. Plaintiff filed a “First Amended Verified Bill in Equity,” ECF No. 7, on August 28, 2025. Plaintiff alleges breach of trust and fiduciary duty (Count I) and seeks as relief a declaration of beneficial ownership, injunction, constructive trust, accounting, and restitution in an amount exceeding $125,000,000.1

Discussion At first blush, the Complaint’s factual allegations are somewhat obscure and its precise legal foundations are difficult to discern. Defendants have attempted to address the substance of the Complaint and bring generally sound arguments for dismissal in their suggestions in support of dismissal and reply, ECF Nos. 25, 30. But the Court need not address these arguments directly, because Plaintiff’s claims are based on “the discredited sovereign citizen theory,” Basey v. United States, No. 22-533C, 2022 WL 3590265, at *2 (Fed. Cl. Aug. 23, 2022), and “[i]t is well-established in the Eighth Circuit that arguments based on sovereign citizen ideology are inherently frivolous, and should be summarily dismissed as a waste of judicial resources.”

United States v. Hampton, 2025 U.S. Dist. LEXIS 151370, *1 (E.D. Mo. July 17, 2025) (citing United States v. Jagim, 978 F.2d 1032, 1036 (8th Cir. 1992)). I. Sovereign Citizen Ideology and Practices Generally speaking, proponents of “sovereign citizen” theory, believe that, prior to the passage of the Fourteenth Amendment, people were citizens only of their individual states.

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