Legacy Partners, LLC; Kirk Elliott PhD Private Advisors, LLC; Ashley Kunkle, LLC; The Modern Classic, LLC; A&N Investments, LLC; Kirk-Elliott; Ashley Kunkle; Aaron Webb; and Riley Canada v. Terah Ott; FTM Wealth, PLLC; and FTM Wealth LLC

District Court, D. Colorado·Decided August 5, 2026·No. 1:25-cv-00391·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLORADO

Civil Action No. 25-cv-00391-RMR-NRN

LEGACY PARTNERS, LLC; KIRK ELLIOTT PhD PRIVATE ADVISORS, LLC; ASHLEY KUNKLE, LLC; THE MODERN CLASSIC, LLC; A&N INVESTMENTS, LLC; KIRK-ELLIOTT; ASHLEY KUNKLE; AARON WEBB; and RILEY CANADA,

Plaintiffs,

v.

TERAH OTT; FTM WEALTH, PLLC; and FTM WEALTH LLC,

Defendants.

TERAH OTT; FTM WEALTH, PLLC; and FTM WEALTH LLC,

Counterclaimants,

v.

LEGACY PARTNERS, LLC; and KIRK ELLIOTT

Counterclaim Defendants.

REPORT AND RECOMMENDATION ON DEFENDANTS’ MOTION TO DISMISS THE THIRD AMENDED COMPLAINT FOR LACK OF SUBJECT MATTER JURISDICTION (ECF No. 146)

N. REID NEUREITER United States Magistrate Judge This matter is before the Court on Defendants Terah Ott, FTM Wealth, PLLC, and FTM Wealth, LLC’s (collectively, “Defendants”) Motion to Dismiss the Third Amended Complaint for Lack of Subject Matter Jurisdiction (“Motion to Dismiss”). ECF No. 146. The Motion to Dismiss was referred to the undersigned by Judge Regina M. Rodriguez. ECF No. 147. Plaintiffs Legacy Partners, LLC, Kirk Elliott PhD Private

Advisors, LLC, Ashley Kinkle, LLC, Modern Classic, LLC, and A&N Investments, LLC (collectively, “Plaintiffs”) filed a response. ECF No. 155. Defendants filed reply. ECF No. 156. The Court heard argument on February 18, 2026, see ECF No. 157, and permitted supplemental briefing, which was filed by Plaintiffs on March 2, 2026, ECF No. 161, and Defendants on March 9, 2026, ECF No. 163. The Court has taken judicial notice of the Court’s file, considered the applicable Federal Rules of Procedure and case law. Now, being fully informed and for the reasons discussed below, the Court RECOMMENDS that the Motion to Dismiss be DENIED.

I. BACKGROUND In the most general terms, this lawsuit concerns allegations that Defendants conspired to provide Plaintiffs with an unlawful tax strategy and, in the process, bilk them out of millions of dollars, while leaving them exposed to penalties for filing flawed tax returns. See generally ECF No. 123 (Third Am. Compl. and Jury Demand (“TAC”)).1 The intricacies of the purported scheme are not especially relevant to the narrow issue before the Court, which is whether complete diveristy exists under 28 U.S.C. § 1332.

1 All citations to docketed materials are to the page number in the CM/ECF header, which sometimes differs from a document’s internal pagination. Defendants argue that the Court does not have subject matter jurisdiction because Defendant Terah Ott and the members of Defendants FTM Wealth, LLC and FTM Wealth, PLLC are Colorado citizens, as are several Plaintiffs. Therefore, Defendants move to dismiss under Rule 12(b)(1) of the Federal Rules of Civil Procedure. II. LEGAL STANDARD

Federal Rule of Civil Procedure 12(b)(1) provides that a complaint may be dismissed for “lack of subject-matter jurisdiction.” Fed. R. Civ. P. 12(b)(1). “Dismissal under Rule 12(b)(1) is not a judgment on the merits of the plaintiff’s claim. Instead, it is a determination that the court lacks authority to adjudicate the matter.” Creek Red Nation, LLC v. Jeffco Midget Football Ass’n, Inc., 175 F. Supp. 3d 1290, 1293 (D. Colo. 2016) (citing Castaneda v. INS, 23 F.3d 1576, 1580 (10th Cir. 1994)). “A court lacking jurisdiction cannot render judgment but must dismiss the cause at any stage of the proceedings in which it becomes apparent that jurisdiction is lacking.” Basso v. Utah Power & Light Co., 495 F.2d 906, 909 (10th Cir. 1974) (citation omitted). As the party

seeking to invoke the jurisdiction of this court, Plaintiffs bear the burden of alleging facts that support jurisdiction. See Dutcher v. Matheson, 733 F.3d 980, 985 (10th Cir. 2013) (“Since federal courts are courts of limited jurisdiction, we presume no jurisdiction exists absent an adequate showing by the party invoking federal jurisdiction”) (quoting United States ex rel. Hafter v. Spectrum Emergency Care, Inc., 190 F.3d 1156, 1160 (10th Cir. 1999)). “A Rule 12(b)(1) challenge to subject matter jurisdiction can be either facial or factual.” Ratheal v. United States, No. 20-4099, 2021 WL 3619902, at *3 (10th Cir. Aug. 16, 2021), cert. denied, 142 S. Ct. 772 (2022), reh’g denied, 142 S. Ct. 1195 (2022). A facial challenge tests the sufficiency of the complaint’s allegations as to subject matter jurisdiction, and allegations within the complaint are accepted as true. Ruiz v. McDonnell, 299 F.3d 1173, 1180 (10th Cir. 2002). A factual challenge tests “the actual facts upon which subject matter jurisdiction is based.” Id. When reviewing a factual attack, the Court may look beyond the complaint and has wide discretion to consider

documentary and even testimonial evidence. Sizova v. Nat’l Inst. of Standards & Tech., 282 F.3d 1320, 1324 (10th Cir. 2002). Defendants mount a factual challenge, as their Motion to Dismiss is supported by Declarations of Dr. Ott and Defendant Tereh Ott about where they (and their children) are domiciled. See ECF Nos. 146-1, 156-1, & 163- 1.2 III. ANALYSIS

a. Diversity Jurisdiction

28 U.S.C. § 1332 states: “The district courts shall have original jurisdiction of all civil actions where the matter in controversy exceeds the sum or value of $75,000, exclusive of interest and costs, and is between . . . citizens of different States.” 28 U.S.C. § 1332(a)(1). The party invoking diversity jurisdiction bears the burden of proving its existence by a preponderance of the evidence. Middleton v. Stephenson, 749 F.3d 1197, 1200 (10th Cir. 2014).

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Legacy Partners, LLC; Kirk Elliott PhD Private Advisors, LLC; Ashley Kunkle, LLC; The Modern Classic, LLC; A&N Investments, LLC; Kirk-Elliott; Ashley Kunkle; Aaron Webb; and Riley Canada v. Terah Ott; FTM Wealth, PLLC; and FTM Wealth LLC, (D. Colo. 2026).

Legacy Partners, LLC; Kirk Elliott PhD Private Advisors, LLC; Ashley Kunkle, LLC; The Modern Classic, LLC; A&N Investments, LLC; Kirk-Elliott; Ashley Kunkle; Aaron Webb; and Riley Canada v. Terah Ott; FTM Wealth, PLLC; and FTM Wealth LLC (Legacy Partners, LLC; Kirk Elliott PhD Private Advisors, LLC; Ashley Kunkle, LLC; The Modern Classic, LLC; A&N Investments, LLC; Kirk-Elliott; Ashley Kunkle; Aaron Webb; and Riley Canada v. Terah Ott; FTM Wealth, PLLC; and FTM Wealth LLC) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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