Walker v. Fid. Invests. Inst. Operations Co., L.L.C.

Ohio Court of Appeals·Decided September 16, 2026·No. C-260088·Published

Opinion

IN THE COURT OF APPEALS

FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

SHARNEE WALKER, : APPEAL NO. C-260088 TRIAL NO. A-2505229 Plaintiff-Appellant, :

vs. :

FIDELITY INVESTMENTS : JUDGMENT ENTRY INSTITUTIONAL OPERATIONS COMPANY, LLC, :

Defendant-Appellee. :

This cause was heard upon the appeal, the record, and the briefs.

For the reasons set forth in the Opinion filed this date, the judgment of the trial court is affirmed.

Further, the court holds that there were reasonable grounds for this appeal, allows no penalty, and orders that costs be taxed under App.R. 24.

The court further orders that (1) a copy of this Judgment with a copy of the Opinion attached constitutes the mandate, and (2) the mandate be sent to the trial court for execution under App.R. 27.

To the clerk: Enter upon the journal of the court on 9/16/2026. Pursuant to App.R. 30, the clerk is directed to send all parties, or their counsel if represented, a copy of the court’s judgment and note such action on the docket.

By:_______________________ Administrative Judge

IN THE COURT OF APPEALS

FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

SHARNEE WALKER, : APPEAL NO. C-260088 TRIAL NO. A 2505229 Plaintiff-Appellant, :

vs. :

FIDELITY INVESTMENTS : OPINION INSTITUTIONAL OPERATIONS COMPANY, LLC, :

Defendant-Appellee. :

Civil Appeal From: Hamilton County Court of Common Pleas Judgment Appealed From Is: Affirmed Date of Judgment Entry on Appeal: September 16, 2026

Sharnee Walker, pro se, Taft Stettinius & Hollister LLP and Timothy C. Sullivan for Defendant-Appellee.

OHIO FIRST DISTRICT COURT OF APPEALS

BOCK, Judge.

{¶1} Plaintiff-appellant Sharnee Walker appeals the trial court’s judgment dismissing her amended complaint against defendant-appellee Fidelity Investments Institutional Operations Company, LLC, (“Fidelity”). In five assignments of error, Walker argues that she satisfied Ohio’s notice-pleading standard, that the trial court relied on Fidelity’s unsworn narrative, and that she should have been permitted to amend her amended complaint. Unconvinced, we overrule Walker’s assignments of error and affirm the trial court’s judgment.

I. Factual and Procedural History

{¶2} In 2025, Walker sued Fidelity for damages based on Fidelity’s alleged breach of an implied-in-fact contract, unjust enrichment, breach of its fiduciary duty, constructive fraud, and conversion.1 Walker’s claims involve what she calls her “estate,” which consists of her personal information that she provided to Fidelity.

{¶3} Walker provided her “estate” to Fidelity “for the limited purpose of evaluating it for a potential reciprocal exchange.” It was a “prospective transaction” not intended for “independent benefit, monetization, or any other unauthorized purpose.” Walker alleged that Fidelity accepted, retained, and “utilized [her] estate” and, in doing so, “deriv[ed] measurable commercial benefits for undisclosed business purposes.” Walker demanded an “accounting” of the proceeds and benefits generated from Fidelity’s retention of her “estate,” but Fidelity ignored her demands.

{¶4} Fidelity moved to dismiss Walker’s amended complaint under Civ.R.

12(B)(6). It argued that Walker had divulged her personal information as part of the hiring process and she failed to state claims for relief. The trial court granted Fidelity’s

1 Walker’s original complaint alleged additional claims, but Walker’s amended complaint, which is the complaint relevant to this appeal, contained only these claims.

OHIO FIRST DISTRICT COURT OF APPEALS

motion and dismissed Walker’s amended complaint with prejudice.

II. Analysis

{¶5} Walker raises five assignments of error, which collectively argue that the trial court erred in granting Fidelity’s motion to dismiss her claims. Because some of Walker’s assignments of error overlap in substance, we address them out of order for ease of analysis.

A. First and fourth assignments of error: The trial court properly dismissed Walker’s amended complaint

{¶6} Walker argues that the trial court imposed a heightened pleading standard because it demanded “more factual and doctrinal precision” than Civ.R. 8 requires. In her view, her allegations were sufficient to establish claims for breach of an implied-in-fact contract, unjust enrichment, breach of an implied fiduciary duty, constructive fraud, and conversion. 1. Ohio’s notice-pleading requirements

{¶7} We review a trial court’s decision granting a motion to dismiss for failing to state a claim under Civ.R. 12(B)(6) de novo. Brendamour v. City of the Village of Indian Hill, 2022-Ohio-4724, ¶ 17 (1st Dist.). A motion to dismiss under Civ.R. 12(B)(6) tests the sufficiency of the complaint’s allegations. Id. Dismissal is appropriate if we determine “that ‘the plaintiff can prove no set of facts entitling [her] to recovery.’” Id., quoting O’Brien v. Univ. Community Tenants Union, Inc., 42 Ohio St.2d 242 (1975), syllabus. To make that determination, we must accept the complaint’s allegations as true and draw all reasonable inferences from those allegations in the plaintiff’s favor. Id.

{¶8} Walker is correct that Ohio’s notice-pleading regime demands only that a “pleading [] sets forth a claim for relief” in the form of “‘a short and plain statement

OHIO FIRST DISTRICT COURT OF APPEALS

of the claim showing that the party is entitled to relief.’” Vandemark v. Reder, 2026- Ohio-50, ¶ 10 (1st Dist.), quoting Civ.R. 8(A). Of course, a plaintiff is not required under notice pleading “‘to prove . . . her case at the pleading stage.’” Id., quoting York v. Ohio State Hwy. Patrol, 60 Ohio St.3d 143, 145 (1991).

{¶9} A well-pled complaint must include “‘sufficient, operative facts to support recovery under her claims.’” Torrance v. Rom, 2020-Ohio-3971, ¶ 56 (8th Dist.), quoting Moncrief v. Bohn, 2014-Ohio-837, ¶ 22 (8th Dist.). Factual allegations must adequately give “‘“the adverse party . . . fair notice of the claim and an opportunity to prepare his response thereto.”’” Wells Fargo Bank, N.A. v. Horn, 2015- Ohio-1484, ¶ 13, quoting Anderson v. BancOhio Natl. Bank, 1985 Ohio App. LEXIS 9437, *1 (1st Dist. Nov. 27, 1985), quoting Fancher v. Fancher, 8 Ohio App.3d 79, 83 (1st Dist. 1982).

{¶10} Unlike factual allegations, conclusory allegations are not accepted as true and are insufficient to survive a motion to dismiss under Civ.R. 12(B)(6). See Olthaus v. Niesen, 2023-Ohio-4710, ¶ 8 (1st Dist.); see also State ex rel. Hickman v. Capots, 45 Ohio St.3d 324, 324 (1989). Indeed, courts have never construed Ohio’s notice-pleading standard under “Civ.R. 12(B)(6) as permitting either speculation or complaints that are devoid of factual allegations supporting the legal claims.” Tuleta v. Med. Mut. of Ohio, 2014-Ohio-396, ¶ 29 (8th Dist.). 2. Walker’s amended complaint lacks operative facts to state a viable claim

{¶11} Walker’s amended complaint largely consists of allegations that are conclusory in nature. Those facts can be reduced to the following: (1) Walker gave her “estate” to Fidelity to facilitate a “potentially reciprocal exchange”; (2) Fidelity told Walker that it would not use her information otherwise; (3) Walker trusted Fidelity; (4) Walker believed that Fidelity generated “measurable commercial benefit” from her

OHIO FIRST DISTRICT COURT OF APPEALS

personal information; (5) Walker expected compensation for, or notice of, the use of her information; (6) Fidelity did not provide compensation or notice; (7) Walker demanded information; and (8) Fidelity ignored Walker’s demand. These allegations fail to state a claim upon which relief can be granted. 3. Walker failed to state a claim for breach of an implied-in-fact contract

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Walker v. Fid. Invests. Inst. Operations Co., L.L.C., (Ohio Ct. App. 2026).

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