Affirmed by published opinion. Judge MICHAEL wrote the opinion in which Judge NIEMEYER joined. Judge NIEMEYER wrote a separate concurring opinion.
OPINION
MICHAEL, Circuit Judge:This is the latest in a series of appeals in copyright infringement cases arising out of the design and use of the logo for the Baltimore Ravens football team. In *324the first case, which concluded in 2004, Frederick E. Bouchat sued the Baltimore Ravens, Inc. (the Ravens) and National Football League Properties, Inc. (NFLP), alleging that these defendants had copied one of his drawings in choosing a logo for the Ravens. A jury considering liability found that the Ravens and NFLP had infringed Bouchat’s copyright in the drawing, but a second jury considering damages awarded none. We affirmed in each of two appeals. In the four cases before us today, Bouchat sues several hundred companies (licensees) that used the infringing logo in various endeavors, including the production and marketing of official Ravens merchandise. In summary judgment proceedings in these cases, the district court held that the licensees had infringed Bouchat’s copyright, but denied his requests for actual or statutory damages. Bouchat appeals the judgments, and we affirm. We conclude that the doctrine of claim preclusion prevents Bouchat from obtaining actual damages from the licensees and that his failure to register his copyright before infringement began renders him ineligible for statutory damages.
I.
A.
In November 1995 the National Football League announced that the Cleveland Browns team was moving to Baltimore. The Browns name, however, was to be left in Cleveland, which required the relocated team to select a new name. Bouchat, an amateur artist who worked as a security guard in Baltimore, sketched several logos illustrating names (including the Ravens) being considered by the newly arrived team. On December 5, 1995, Bouchat drew a logo with a shield bearing the letter B and held by a raven (the Shield drawing). In March 1996 the Ravens name was officially chosen, and the NFL’s marketing arm, NFLP, hired artists to begin logo design. On April 1 or 2, 1996, Bouchat faxed his Shield drawing to the Maryland Stadium Authority with a note asking the authority’s chairman to send the drawing to the Ravens’ owner. The note said that if the Ravens used his logo, Bouchat wanted a letter of recognition and an autographed helmet. After the Ravens had access to Bouchat’s drawing, NFLP’s artists created a logo called the Flying B. The Flying B depicted a winged shield bearing the letter B, and this logo bore a remarkable resemblance to Bouchat’s Shield drawing. The Ravens team presented the Flying B to the public for the first time in June 1996, and the team used this logo until the end of the 1998 season. During the time the Flying B was the team logo, the NFLP licensed it as part of a package of all NFL team logos to hundreds of manufacturers and retailers for use on Ravens merchandise. The team never gave Bouchat the recognition letter or autographed helmet he had requested. On July 25, 1996, Bouchat registered the Shield drawing with the U.S. Copyright Office.
In May 1997 Bouchat filed a copyright infringement action against the Ravens and NFLP in the U.S. District Court for the District of Maryland, Bouchat v. Baltimore Ravens, Inc. (Bouchat I), No. MJG97-1470. He alleged that the Flying B infringed his copyright in the Shield drawing and that the defendants had earned profits from licensing the infringing work. The district court bifurcated the case into liability and damages phases. The jury in the liability phase found that the Ravens and NFLP had infringed Bouchat’s copyright, and we affirmed in an interlocutory appeal. Bouchat v. Baltimore Ravens, Inc., 228 F.3d 489 (4th Cir.2000), amended by and reh’g en banc denied by 241 F.3d 350 (4th Cir.), cert. de*325nied, 532 U.S. 1038, 121 S.Ct. 2000, 149 L.Ed.2d 1003 (2001).
In Bouchat Ts damages phase Bouchat sought recovery under 17 U.S.C. § 504(a)(1), which allows a copyright owner to obtain actual damages plus any additional profits of the infringer. Bouchat claimed no actual damages but did seek infringer profits. Before the damages issue was submitted to the jury, the district court decided that the only component of the defendants’ profits that could be attributed to the infringement for § 504(b) purposes was revenue from the sale of products bearing the Flying B. The jury then found that the defendants’ income from such products “was attributable completely to factors other than the artwork of the Flying B.” J.A. 388. The district court entered judgment for the defendants on the jury’s finding that Bouchat was entitled to no damages, and we affirmed, Bouchat v. Baltimore Ravens Football Club, Inc., 346 F.3d 514 (4th Cir.2003), cert. denied, 541 U.S. 1042, 124 S.Ct. 2171, 158 L.Ed.2d 732 (2004).
B.
In the meantime, Bouchat brought four additional actions, which are the subject of this appeal, against several hundred “downstream defendants” for copyright infringement: Bouchat v. Champion Prods., Inc., No. MJG-99-1576 (D.Md.) (Bouchat II); Bouchat v. Baltimore Ravens Ltd. P’ship, No. MJG-01-0647 (D.Md.) (Bouchat III); Bouchat v. K-Mart Corp., No. MJG-01-1996 (D.Md.) (Bouchat IV); and Bouchat v. 7-Eleven, Inc., No. MJG-03-2229 (D.Md.) (Bouchat V). Bouchat describes these downstream defendants as “NFL-related entities ... who utilized the infringing work in advertisements, publishers of game day magazines, broadcast and media entities which licensed the use of the infringing logo,” and makers of video games, trading cards, and other products that displayed the Ravens’ Flying B. Appellant’s Br. at 4-5. All of the downstream defendants used the logo with permission from NFLP, and NFLP required all of its licensees to submit proposed logo use to NFLP for approval. (Because every downstream defendant used the logo with either direct or indirect authorization from NFLP, we will refer to all of the downstream defendants as “licensees.”). The district court held these four related cases in abeyance while it dealt with Bouc-hat I.
When Bouchat I concluded in the district court, litigation resumed in Bouchat II through V with Bouchat and the licensees cross-moving for summary judgment. The district court decided the summary judgment motions in a published opinion, Bouchat v. Champion Products, Inc., 327 F.Supp.2d 537 (D.Md.2003). First, the court held that NFLP virtually represented the licensees in Bouchat I. The licensees were accordingly bound by the Bouchat I finding that their use of the Flying B infringed Bouchat’s copyright, and the district court granted partial summary judgment in favor of Bouchat on the issue of liability. Id. at 544. Second, the district court held that Bouchat was precluded from relitigating the issue of whether any of the licensees’ merchandising profits were attributable to the infringement of Bouchat’s copyrighted work because the Bouchat I jury conclusively resolved that claim against him. Id. at 545-46. Third, the district court rejected Bouchat’s argument that he is entitled to an award of statutory damages from each of the licensees who used the infringing Flying B. Specifically, the court ruled that the judgment in Bouchat I precluded Bouchat from obtaining any statutory damages in the later litigation. Id. at 549. The court reasoned in the alternative that even if *326judge-made preclusion doctrines did not prohibit statutory damages, Bouchat did not qualify for such damages because he did not register his copyright before the infringing conduct began. Id. at 552. Based on these determinations, the district court entered judgment in favor of Bouchat on liability, but denied him monetary recovery in each of the four related cases, Bouchat II, III, IV, and V. Bouchat now appeals the judgments insofar as they deny damages. We review grants of summary judgment de novo. Murrell v. Ocean Mecca Motel, Inc., 262 F.3d 253, 256 (4th Cir.2001)2
II.
A copyright owner in a civil infringement action may elect one of two types of damages: (1) actual damages and “any additional profits of the infringer” or (2) statutory damages. 17 U.S.C. § 504(a). The election is made “at any time before final judgment is rendered.” Id. § 504(c)(1). Bouchat concedes that the jury verdict in Bouchat I’s damages phase precludes him from seeking infringement profits from the licensees in Bouchat II, IV, and V. His appeal therefore challenges the district court’s determination that he is not entitled to either actual or statutory damages against the licensees.
A.
“The copyright owner is entitled to recover the actual damages suffered by him or her as a result of the infringement, and any profits of the infringer that are attributable to the infringement and are not taken into account in computing the actual damages.” 17 U.S.C. § 504(b). The district court, after concluding that Bouchat did not seek actual damages, granted the licensees summary judgment foreclosing this category of recovery in the cases before us today. Champion Prods., 327 F.Supp.2d at 545. The complaint in each case, however, includes a prayer for actual damages, and at oral argument on the summary judgment motion Bouchat contended that he is entitled to actual damages in the form of a reasonable royalty from each licensee. The district court therefore erred when it concluded that Bouchat had forfeited his claim for actual damages. As a result, we may determine whether the claim is viable. The licensees invoke the doctrine of claim preclusion, arguing that the Bouchat I judgment — a judgment that awarded no damages— blocks Bouchat from seeking actual damages in Bouchat II, IV, and V. We agree.
The related doctrines of claim preclusion and issue preclusion “relieve parties of the cost and vexation of multiple lawsuits, conserve judicial resources, and, by preventing inconsistent decisions, encourage reliance on adjudication.” Allen v. McCurry, 449 U.S. 90, 94, 101 S.Ct. 411, 66 L.Ed.2d 308 (1980). A subsequent claim is precluded when (1) the judgment in the prior action was final and on the merits; (2) the parties in the two actions are identical or in privity; and (3) the *327claims in the two actions are identical. Grausz v. Englander, 321 F.3d 467, 472 (4th Cir.2003).
The first element (a prior final judgment on the merits) is not disputed. The final judgment in Bouchat I, which we affirmed on appeal, was on the merits, and the district court was empowered to render that judgment. The second element (identical parties or privies) is also not disputed. Bouchat does not appeal the district court’s determination that the Ravens and NFLP virtually represented the licensees in Bouchat I. This determination is important to Bouchat because it prompted the district court’s conclusion that the licensees were bound by Bouchat I’s finding that the Ravens and NFLP infringed the copyright, which means that NFLP’s licensees were also infringers. Champion Prods., 327 F.Supp.2d at 543-44. In embracing this much of the district court’s decision, Bouchat effectively concedes that the licensees were in privity with the Ravens and NFLP for claim preclusion purposes, since virtual representation is a recognized category of privity. See Martin v. Am. Bancorporation Ret. Plan, 407 F.3d 643, 651 (4th Cir.2005).
Evaluation of the third element (identical claims), which is contested, calls for more extended discussion. The requirement that the claims in the first and subsequent actions be identical is met if “the new claim arises out of the same transaction or series of transactions as the claim resolved by the prior judgment.” Meekins v. United Transp. Union, 946 F.2d 1054, 1058 (4th Cir.1991). We have recognized that the word “transaction”
in the claim preclusion context connotes a natural grouping or common nucleus of operative facts. Among the factors to be considered in deciding whether the facts of the current and prior claims are so woven together that they constitute a single claim are their relatedness in time, space, origin, or motivation, and whether, taken together, they form a convenient unit for trial purposes.
Pittston Co. v. United States, 199 F.3d 694, 704 (4th Cir.1999) (citations and punctuation omitted).
There are several actions here — Bouchat I on the one hand and Bouchat II, IV, and V on the other — but there is only a single nucleus of operative facts, satisfying the third element of claim preclusion. In the latter actions, Bouchat II, IV, and V, Bouchat asserts claims against the commercial users of the Ravens logo, whether they displayed the logo in broadcast coverage of Ravens games, produced Ravens merchandise, or sold that merchandise to ordinary consumers. In Bouchat I Bouc-hat sought to hold NFLP and the Ravens accountable for these very same acts that infringed his copyright. The complaint in Bouchat I is clear on this point. It alleged that NFLP “licensed third parties to use the logos and trade/service marks of the Baltimore Ravens in connection with a variety of merchandise and promotional activities directly associated” with the Ravens. Complaint at 2-3, ¶ 4, Bouchat I, No. MJG-97-1470 (D. Md. filed May 1, 1997). The Bouchat I complaint further alleged:
Since June 5, 1996, if not before, Defendants [the Ravens and NFLP] have been reproducing, distributing, promoting and offering for sale illegal and unauthorized copies of the subject works in the form of Baltimore Ravens’ logos and/or trade/service marks to promote their business enterprises.... Defendants have licensed the use of the subject works ... to third parties for the sale and merchandising of products and thereby have derived profits from the use of the subject works.
Id. at 7, ¶ 11. While Bouchat I focused on the licensor’s conduct, and Bouchat II, IV, *328and V shift the focus to the licensees’ conduct, the same violations of Bouchat’s copyright are described throughout all of the complaints. Though the several cases before us today are sequels in which the licensees who had only a bit part in the first installment now take center stage, there is still only one interwoven story.
That Bouchat did not seek actual damages in Bouchat I but now seeks such damages from the licensees does not alter our conclusion that the claims in Bouchat’s cases are identical. The relief Bouchat seeks for the licensees’ commercial use of the infringing logo is “woven together,” Pittston, 199 F.3d at 704, with the relief he sought against the Bouchat I defendants. While Bouchat’s reasons for not presenting any evidence of actual damages and focusing on infringement profits in Bouchat I may have been perfectly sound, that is of no moment here. Cf. Bouchat I, 346 F.3d at 527 n. 1 (Widener, J., dissenting) (explaining why “it is likely that Bouchat’s actual damages, if any, were nominal.”). In seeking infringement profits against the Ravens and NFLP, Bouchat asserted a right to recovery under § 504(a)(1), which makes the copyright infringer “liable for ... the copyright owner’s actual damages and any additional profits of the infringer.” 17 U.S.C. § 504(a)(1) (emphasis added). Bouchat had his day in court on his § 504(a)(1) claim against the Ravens and NFLP in Bouchat I, so he could not seek actual damages against them in some later action. In Bouchat II, TV, and V he chose a new road and elected actual damages against NFLP’s licensees. But § 504(a)(1) links actual damages (which Bouchat never sought before) to infringement profits (which he did seek before). Section 504(b) further suggests that actual damages and infringer profits are related although distinct measures of recovery. By the statute’s plain terms, recoverable infringement profits are “any profits of the infringer that are attributable to the infringement and are not taken into account in computing the actual damages.” Id. § 504(b) (emphasis added). In deciding what profits the infringer must disgorge, a court must exclude certain amounts calculated as actual damages to avoid double counting. Robert R. Jones Assocs. v. Nino Homes, 858 F.2d 274, 281 (6th Cir.1988); 3 Melville B. Nimmer & David Nimmer, Nimmer on Copyright § 14.01[A] (1994). Thus, evaluation of infringement profits must take into account the nature of any actual damages. This link between the remedies Bouchat has sought reinforces our identification of a “common nucleus of operative facts” in these cases.
As we have explained, Bouchat I and Bouchat II, IV, and V all arise from a common series of transactions, so the claims are identical. The three requirements of claim preclusion are therefore satisfied. Accordingly, the district court correctly granted judgment in favor of the licensees because Bouchat is precluded from obtaining actual damages against them.
We do not suggest that Bouchat was legally obligated to join the licensees as defendants in the first action. In other words, we do not create a rule of mandatory joinder, for it remains settled that a copyright holder may exercise discretion in suing as many co-infringers as he chooses. Salton, Inc. v. Philips Domestic Appliances & Pers. Care, B. V, 391 F.3d 871, 877 (7th Cir.2004); Robbins Music Corp. v. Alamo Music, Inc., 119 F.Supp. 29, 31 (S.D.N.Y.1954). It is equally well established, however, that when an injured person sues joint tortfeasors in successive actions, preclusion principles determine the effect of the first judgment on the later actions. Restatement (Second) of Torts § 884 (1979). This rule invites the applica*329tion of conventional preclusion doctrines in Bouchat II, TV, and V because of the relationship between NFLP and the licensees, who used the logo with NFLP’s authorization. Each time a licensee copied the Flying B, Bouchat’s copyright was infringed, and two parties were responsible: the licensee who made the copy and NFLP who authorized the licensee to copy the logo. Because NFLP and the licensee were at fault together for the licensee’s violation, they are liable jointly and severally for any damages the violation caused. See Saltón, 391 F.3d at 877 (“[T]he principle of joint and several liability ... governs ... the federal statutory tort of copyright infringement”) (citations omitted). Any plaintiff who sues joint tortfeasors separately bears the risk that an adverse determination in the first action will trigger preclusion doctrines in a later action. Bouchat bore this risk from the time he filed his first action, suing only the Ravens and NFLP. He made this choice, and we have no reason to insulate him from the unfavorable consequences.
B.
Bouchat argues in the alternative that the district court erred in holding that he is not entitled to statutory damages. A copyright owner may be able to choose statutory damages instead of actual damages and infringement profits. When this option is available, the Copyright Act allows
an award of statutory damages for all infringements involved in the action, with respect to any one work, for which any one infringer is liable individually, or for which any two or more infringers are liable jointly and severally, in a sum of not less than $750 or more than $30,000 as the court considers just.
17 U.S.C. § 504(c)(1). Not every copyright owner is eligible to seek statutory damages. The Act provides that “no award of statutory damages ... as provided by section[ ] 504 ... shall be made for (1) any infringement of copyright in an unpublished work commenced before the effective date of its registration.” Id. § 412.
The registration requirement is important to the statutory scheme. A person registers by filing a form with the U.S. Copyright Office. Registration promotes orderly resolution of copyright disputes because it creates a permanent record of the protected work, putting the world on constructive notice of the copyright owner’s claim. Johnson v. Jones, 149 F.3d 494, 505 (6th Cir.1998). While the predecessor statute did not allow any relief for copyright violations that occurred before registration and publication, id., the 1976 Act reversed that. Now
a copyright owner whose work has been infringed before registration [is] entitled to the remedies ordinarily available in infringement cases: an injunction on terms the court considers fair, and his actual damages plus any applicable profits not used as a measure of damages. However, section 412 [denies] any award of the special or ‘extraordinary’ remed[y] of statutory damages ... where infringement of copyright in an unpublished work began before registration.
H.R.Rep. No. 94-1476, at 158 (1976), reprinted in 1976 U.S.C.C.A.N. 5659, 5774. By making registration a precondition for the “extraordinary remed[y]” of statutory damages, Congress sought to motivate speedy registration. Johnson, 149 F.3d at 505.
Bouchat registered his copyright on July 25, 1996. NFLP’s infringement began the month before, in June 1996. Consequently, NFLP was not individually liable to Bouchat for statutory damages. We con*330firmed this when we affirmed the judgment in the second phase of Bouchat I, see 346 F.3d at 517 n. 2, and the reasons were apparent from the record. For example, the Bouchat I complaint alleged that “[s]ince June 5, 1996, if not before, Defendants have been reproducing, distributing, promoting and offering for sale illegal and unauthorized copies of the subject works in the form of Baltimore Ravens’ logos.” Complaint at 7, ¶ 11, Bouchat I, No. MJG-97-1470 (D. Md. filed May 1, 1997). Bouchat’s own expert witness, after reviewing NFLP’s documents, concluded that NFLP’s use of the logo generated over $2.6 million in gross revenue “from June 1996 through March 31, 1999.” Bouchat I, 346 F.3d 514 (4th Cir.2003) (No. 02-1999), Joint Appendix at 1260. Today Bouchat argues that the date of NFLP’s first infringement was never conclusively resolved in Bouchat I. He now contends that his copyright was first infringed when NFLP failed within a reasonable time to give him the autographed helmet and recognition he requested in exchange for use of his drawing. But there has never before been any disagreement about the fact that NFLP infringed in June 1996 when it and the Ravens first unveiled the Flying B, and it is too late now for Bouchat to raise the issue.
Although NFLP violated the copyright for the first time in June 1996 (when it first exhibited the Flying B to the public and authorized Ravens merchandise), NFLP may have continued to violate the copyright long after July 25, 1996, when Bouchat registered. The post-registration activities make no difference. In using the word “commenced,” § 412(1) instructs us to trace NFLP’s infringing conduct after registration back to NFLP’s original infringement in June 1996. In other words, “infringement ‘commences’ for the purposes of § 412 when the first act in a series of acts constituting continuing infringement occurs.” Johnson, 149 F.3d at 506. This interpretation makes sense “because ‘it would be peculiar if not inaccurate to use the word “commenced” to describe a single act’ rather than the first in a group of acts.” Id. (quoting Singh v. Famous Overseas, Inc., 680 F.Supp. 533, 535 (E.D.N.Y.1988)); accord Mason v. Montgomery Data, Inc., 967 F.2d 135, 144 (5th Cir.1992); Johnson v. Univ. of Va., 606 F.Supp. 321, 325 (W.D.Va.1985). Because NFLP’s first infringement preceded Bouchat’s registration, Bouchat could not pursue statutory damages against NFLP.
NFLP’s battalion of licensees— not NFLP itself — are the defendants in the cases before us today. Nevertheless, the district court held that the date on which NFLP first infringed was the date on which the infringement by the licensees commenced because NFLP approved all of the licensees’ infringing acts. Champion Prods., 327 F.Supp.2d at 551-52. Bouchat argues that the correct approach would have been to treat the date on which each individual licensee first violated Bouchat’s copyright as the date that licensee’s infringement commenced under § 412(1). We disagree.
Section 412 cannot be read in isolation. That section, which defines the registration prerequisite for statutory damages awards, must be read in harmony with § 504, which allows statutory damages “for all infringements involved in the action ... for which any one infringer is hable individually, or for which any two or more infringers are liable jointly and severally.” 17 U.S.C. § 504(c)(1). An infringer is “[ajnyone who violates any of the exclusive rights of the copyright owner” granted by the Copyright Act. Id. § 501(a). When a licensee copied the Flying B onto Ravens merchandise, the licensee became an infringer. NFLP gave *331each licensee permission to copy, so NFLP was also responsible for the licensee’s acts of copying, making NFLP jointly and severally hable for the infringing acts of each licensee.
Again, in an action against NFLP as “one infringer ... hable individually,” id. § 504(c)(1), we would trace post-registration infringing conduct back to pre-registration conduct in violation of the same copyright. When each licensee is paired with NFLP, the licensor-licensee pair constitutes “two ... infringers ... liable jointly and severally.” Id. Because the statute does not distinguish between “one infringer ... liable individually” and “two or more infringers ... liable jointly and severally,” id., we must treat these two categories of infringers identically when assessing their statutory damages liability. The statute thus subjects a licensor-licen-see pair to the same tracing rule that would apply to either one as an individually liable infringer. Here, then, we must trace the licensee’s post-registration infringing conduct back to NFLP’s pre-reg-istration conduct and thereby deny statutory damages to Bouchat.
Of course, NFLP is not a party in today’s cases, and none of the licensees appear responsible for NFLP’s initial act of infringement since none aided in designing the Flying B. But these factors do not change the analysis. Section 504(c)(1) speaks of “infringers,” not parties. Because a statutory damages award covers “all infringements involved in the action ... for which” infringers are liable, id. (emphasis added), it is appropriate to treat the earliest date of infringement by any participant in a line of related copyright violations as the date of commencement. Focusing on NFLP’s conduct here is entirely logical. Once NFLP designed and licensed the Flying B logo that infringed Bouchat’s copyright, the liability of all of NFLP’s licensees became a foregone conclusion. Thus, we hold that a copyright owner may not obtain statutory damages from a licensee liable jointly and severally with a licensor when the licensor’s first infringing act occurred before registration and was part of the same line of related infringements that included the licensee’s offending act.
The following hypothetical illustrates our holding. Suppose that in January 1997, several months after Bouchat registered his copyright, a sweatshirt manufacturer, M Corp., printed a batch of Ravens sweatshirts bearing the Flying B pursuant to an NFLP license. Production of the sweatshirts violated Bouchat’s exclusive right to “re-produce the copyrighted work in copies,” 17 U.S.C. § 106(1), and was thus an infringement. NFLP’s authorization of M Corp.’s use of the Ravens logo gave rise to M Corp.’s act, making NFLP and M Corp. jointly and severally liable for the infringement. But NFLP began public display and commercial distribution of the offending logo before Bouchat’s registration. As a result, “the first act in a series of acts constituting continuing infringement,” Johnson, 149 F.3d at 506, would be the first display and distribution by NFLP in June 1996, before Bouchat’s registration. Bouchat would be entitled in this hypothetical to injunctive relief, actual damages, and infringement profits against M Corp. and NFLP. Statutory damages, however, would not be an option because the continuing infringement commenced before registration.
Our holding flows from the statute’s plain language. Moreover, our holding has the added benefit of respecting Congress’s purpose for enacting § 412, which is to encourage speedy registration. If we ignored this purpose and construed the Copyright Act to allow Bouchat to obtain the “extraordinary remed[y]” of statutory *332damages for acts that occurred long after he registered his copyright, we would discourage rather than promote swift registration of creative works. See H.R.Rep. No. 94-1476 at 158. In sum, we conclude that the district court correctly awarded the licensees a summary judgment denying Bouchat’s claim for statutory damages.
III.
For the foregoing reasons, we affirm the judgments in Bouchat II, III, IV, and V that deny Bouchat’s requests under the Copyright Act for actual or statutory damages.
AFFIRMED.
. The defendants in Bouchat III (Baltimore Ravens Limited Partnership, Baltimore Ravens Football Company, Inc., and Baltimore Stadium Company, LLC) are all closely affiliated with Baltimore Ravens, Inc., one of the defendants in Bouchat I. Indeed, before Bouchat III was filed, Baltimore Ravens, Inc. and the stadium company transferred all of their assets to the limited partnership in exchange for partnership shares; the football company was merged into Baltimore Ravens, Inc. and ceased to exist. Bouchat does not explain how the district court erred in determining that the claim against Baltimore Ravens, Inc. resolved in Bouchat I was indistinguishable from the claim against the Bouchat III defendants. Accordingly, we affirm the grant of summary judgment in favor of the Bouchat III defendants and eliminate that case from the remainder of our discussion.