Opinion ID: 175689
Heading Depth: 2
Heading Rank: 2

Heading: Standing Argument Waived

Text: Dr. See's constitutional and prudential standing arguments also lack merit. Because the real party in interest rule is only concerned with whether an action can be maintained in the plaintiff's name, it is similar to, but distinct from, constitutional or prudential standing limitations. Rawoof, 521 F.3d at 756-57. The familiar Article III standing requirements are: (1) an injury in fact; (2) causation; and (3) redressability. Sprint Commc'ns Co., L.P., v. APCC Servs., Inc., 554 U.S. 269, 128 S.Ct. 2531, 2535, 171 L.Ed.2d 424 (2008); Pollack v. U.S. Dep't of Justice, 577 F.3d 736, 739 (7th Cir.2009). RK easily meets these constitutional minimum requirements because it alleges: (1) it lost its $500,000 investment (2) due to Dr. See's violations of federal and state securities laws and (3) damages would remedy the injury. In addition to jurisdictional limits on standing, there are prudential limitations on a federal court's power to hear cases. One well-established prudential limitation on justiciability is the principle that the named plaintiff cannot sue in federal court to assert the rights of a third party. Nocula v. UGS Corp., 520 F.3d 719, 726 (7th Cir.2008). A court determines whether the named plaintiff owns the claim by looking to applicable state or federal law. See, e.g., Frank v. Hadesman & Frank, Inc., 83 F.3d 158, 159 (7th Cir. 1996). The court can sua sponte address this concern when it sees fit, Weissman, 12 F.3d at 86, but is not obligated to do so, Rawoof, 521 F.3d at 757. Because prudential limitations include concerns about a claim's rightful owner, we have described Rule 17(a) as a codification of this non-constitutional limitation on standing. Rawoof, 521 F.3d at 757. Prudential standing issues are subject to waiver, Main-Street Org. of Realtors v. Calumet City, 505 F.3d 742, 749 (7th Cir.2007); Ensley v. Cody Res. Inc., 171 F.3d 315, 320 (5th Cir.1999), and Dr. See waived any prudential standing concerns here.