Leonard Eugene Tanner, et al. v. Asator Global Technologies, LLC, 540 Cobalt, LLC, David Hopkins, Patricia Hopkins, Steve Brillion

District Court, S.D. Indiana·Decided August 28, 2026·No. 1:25-cv-00591·Unknown

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF INDIANA INDIANAPOLIS DIVISION

LEONARD EUGENE TANNER, et al., ) ) Plaintiffs, ) ) v. ) Case No. 1:25-cv-00591-TWP-MG ) ASATOR GLOBAL TECHNOLOGIES, LLC, ) PATRICIA HOPKINS, STEVE BRILLION, ) ) Defendants. ) ) ) ASATOR GLOBAL TECHNOLOGIES, LLC, ) PATRICIA HOPKINS, ) ) Counter Claimants, ) ) v. ) ) TRUST, et al., ) ) Counter Defendants. )

ORDER GRANTING DEFENDANT’S MOTION TO DISMISS

This matter is before the Court on Defendant Steve Brillion's ("Brillion") Motion to Dismiss for Lack of Personal Jurisdiction (Filing No. 39). Plaintiffs Leonard Eugene Tanner, The Christopher Cleveland Revocable Trust, Mack P. McKinzie Revocable Trust, MP McKinzie & Company LLC, 2010 Thomas D. Lane Revocable Trust, Jeffrey S. Cohen Revocable Trust dated 04/06/1998 As Amended, Michael and Terra Aguirre JTWROS, BWR Holdings, LLC, Rapp Properties, L.P., George F. Rapp Charitable Lead Annuity Trust II 07/16/2009, Jim and Patty Irrevocable Family Trust 10/01/2006, The James D. Rapp Revocable Trust Agreement 04/16/1998, John G. Rapp Revocable Trust 12/11/2003, John G. Rapp 2022 Irrevocable Trust for Grandchildren, and 2022 Irrevocable Trust for Sontag Children (collectively, "Plaintiffs") initiated this action against Defendants Asator Global Technologies, LLC ("Asator"), 540 Cobalt, LLC ("Cobalt"), David Hopkins ("Hopkins"), Patricia Hopkins, and Brillion (collectively,

"Defendants") alleging various claims of securities fraud, fraud, and breach of fiduciary duties under state law (Filing No. 1-1 at 12–40). Defendant Brillion seeks dismissal of the claims pending against him. For the reasons discussed below, the Court concludes that it does not have personal jurisdiction over Brillion, and his Motion is granted. I. BACKGROUND As required when reviewing a motion to dismiss, the Court accepts as true all factual allegations in the complaint and draws all inferences in favor of Brillion as the non-moving party. See Bielanski v. Cnty. Of Kane, 550 F.3d 632, 633 (7th Cir. 2008). Defendant Asator was founded under its former name, 540 Grid Solutions, LLC in 2014 (Filing No. 1 at 18 ¶ 35). The largest member was Defendant Cobalt, controlled by Defendant

Hopkins. Id. ¶¶ 36–38. With a controlling stake in Asator, Hopkins became Asator's sole manager until June 9, 2023. Id. Certain Plaintiffs invested in Asator, acquiring membership units that constituted unregistered securities (the "Securities Plaintiffs").1 Id. at 19 ¶ 40. The Securities Plaintiffs invested directly in Asator in exchange for membership units that constitute unregistered securities. Most, but not all, of the Securities Plaintiffs acquired the membership units during the

1 These Plaintiffs include Leonard Eugene Tanner; The Christopher Cleveland Revocable Trust; Mack P. McKinzie Revocable Trust; MP McKinzie & Company LLC; 2010 Thomas D. Lane Revocable Trust; Jeffrey S. Cohen Revocable Trust Dated 04/06/1998 As Amended; Michael and Terra Aguirre JTWROS; BWR Holdings; LLC, Rapp Properties, L.P.; George F. Rapp Charitable Lead Annuity Trust II 07/16/2009; Jim and Patty Irrevocable Family Trust 10/01/2006; The James D. Rapp Revocable Trust Agreement 04/16/1998; John G. Rapp Revocable Trust 12/11/2003. fourth quarter of 2018 or the first quarter of 2019. Id. All the Securities Plaintiffs acquired the securities following the receipt of investment materials containing misrepresentations and omissions. Id. Other plaintiffs made loans in Asator, via Cobalt (the "Loan Plaintiffs").2 Id. ¶ 41. The

Loan Plaintiffs made a total of $2 million in loans to Asator using promissory notes executed between the Loan Plaintiffs and Cobalt in January 2022. Id. ¶ 42. All Loan Plaintiffs made the loans after receiving investment materials. Id. Plaintiffs allege that Hopkins has been misappropriating their funds for his own personal use. Id. at 22 ¶ 62. For example, Hopkins unilaterally paid himself in "loans" from Asator, listing them as accounts receivable on Asator's books and tax returns, which he signed under the penalty of perjury. Id. ¶¶ 63–67. He claimed that the "loans" were "compensation" that he had no intention of paying back. Id. The "loans" would constitute Asator's largest assets. Hopkins was fully aware of Plaintiffs' complaints regarding the investments and loans made to Asator. Id. at 23 ¶ 70. Specifically, in 2022, Hopkins was told, "It's now been four years since you brought in the

Indianapolis-centric group as investors. Four years and no revenue. Four years and no financial statements/detailed cash flows, no transparency and no corporate governance." Id. Still, Hopkins continued to divert Plaintiffs' funds for personal purposes rather than to partially repay investors. Id. The Securities Plaintiffs and Loan Plaintiffs invested in and made loans to Asator in December 2018, February 2019, June 2021, January 2022, and January 2023. Id. ¶ 71. During all relevant time periods, Mike Miles ("Miles") was a "finder" who raised money for Asator. Id. at 19

2 These Plaintiffs include Leonard Eugene Tanner, 2010 Thomas D. Lane Revocable Trust, Rapp Properties, L.P., The James D. Rapp Revocable Trust Agreement 04/16/1998, John G. Rapp Revocable Trust 12/11/2003, John G. Rapp 2022 Irrevocable Trust for Grandchildren, and 2022 Irrevocable Trust for Sontag Children. Some of these plaintiffs are also Securities Plaintiffs. ¶ 43. Miles provided investment materials to the Plaintiffs, including a Private Placement Memorandum, pitch deck (the "Presentation"), valuation deck, cap tables, and financial forecasts. Id. at 23 ¶ 72–73. The investment materials misrepresented that Asator would soon be awarded multiple large contracts or grants.3 Id. at 24 ¶ 76.

The Presentation was also full of material falsehoods.4 Id. at 24 ¶ 79, 46–82. The Presentation misrepresented that Asator's technology had been validated by outside testing by the Boeing Company ("Boeing"). Id. at 52. In fact, the Boeing test did not validate the technology. Id. at 26 ¶ 88. Asator's own engineers concluded that the test was a false positive because it did not accurately represent real world conditions for any application of the technology. Id. The engineers also determined that the test could not be replicated in any subsequent testing environments. Id. In February 2018, Keystone Compliance Laboratories ("Keystone Lab") repeated the test on the same unit used by Boeing. Id. ¶ 92. Keystone Lab's test was a failure. Id. ¶ 93. In the Presentation, Hopkins did not disclose Keystone Lab's test failure and did not disclose that Asator's technology was neither validated, nor workable. Id. at 15 ¶ 94, pp. 46–82.

Brillion, Asator's Chief Financial Officer ("CFO"), was responsible for preparing Asator's Private Placement Memorandum (the "Memo"). Id. at 27 ¶ 100. The Memo was one of the critical investment documents distributed to Plaintiffs to induce their investments. Id. Plaintiffs allege that in the Memo, Brillion misrepresented the significance of an issued patent, as well as patent applications, knowing that neither supported the efficacy nor functionality of Asator technology. Id. at 28 ¶ 102. Brillion also knowingly omitted material information, including the Keystone Lab

3 Specifically, the investment materials represented to Plaintiffs that Asator would win a $31.5 million contract with National Center for Complex Operations ("NCCO") in early 2019.

Free access — add to your briefcase to read the full text and ask questions with AI

Leonard Eugene Tanner, et al. v. Asator Global Technologies, LLC, 540 Cobalt, LLC, David Hopkins, Patricia Hopkins, Steve Brillion, (S.D. Ind. 2026).

Leonard Eugene Tanner, et al. v. Asator Global Technologies, LLC, 540 Cobalt, LLC, David Hopkins, Patricia Hopkins, Steve Brillion (Leonard Eugene Tanner, et al. v. Asator Global Technologies, LLC, 540 Cobalt, LLC, David Hopkins, Patricia Hopkins, Steve Brillion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Tamburo v. Dworkin
601 F.3d 693 (Seventh Circuit, 2010)
Meier Ex Rel. Meier v. Sun International Hotels, Ltd.
288 F.3d 1264 (Eleventh Circuit, 2002)
International Shoe Co. v. Washington
326 U.S. 310 (Supreme Court, 1945)
World-Wide Volkswagen Corp. v. Woodson
444 U.S. 286 (Supreme Court, 1980)
Burger King Corp. v. Rudzewicz
471 U.S. 462 (Supreme Court, 1985)
uBID, Inc. v. GoDaddy Group, Inc.
623 F.3d 421 (Seventh Circuit, 2010)
Goodyear Dunlop Tires Operations, S. A. v. Brown
131 S. Ct. 2846 (Supreme Court, 2011)
J. McIntyre Machinery, Ltd. v. Nicastro
131 S. Ct. 2780 (Supreme Court, 2011)
Janet E. Pitts v. Unarco Industries, Inc.
698 F.2d 313 (Seventh Circuit, 1983)
Bielanski v. County of Kane
550 F.3d 632 (Seventh Circuit, 2008)
GCIU-Employer Retirement Fund v. Goldfarb Corp.
565 F.3d 1018 (Seventh Circuit, 2009)
In Re Related Asbestos Cases
23 B.R. 523 (N.D. California, 1982)
In Re Trade Partners, Inc., Investors Litigation
532 F. Supp. 2d 904 (W.D. Michigan, 2007)
In Re Brand-Name Prescription Drugs Antitrust Litigation
264 F. Supp. 2d 1372 (Judicial Panel on Multidistrict Litigation, 2003)