MEMORANDUM **

Stephen Yagman filed a Chapter 7 bankruptcy petition in the Southern District of New York. In his petition, he failed to disclose certain assets, including $299,912.00 given to him by some of his relatives (the “Currency”). The government upon investigating Yagman for bankruptcy fraud, initiated civil forfeiture proceedings against the Currency. Appellants are the estates of Yagman’s deceased relatives who claim an interest in the Currency (the “Estates”). We have jurisdiction under 28 U.S.C. § 1291, and we dismiss the appeal.

“In order to meet the case-or-controversy requirement of Article III, a plaintiff (including a civil forfeiture claimant) must establish the three elements of standing....” United States v. $133,420.00 in U.S. Currency, 672 F.3d 629, 637 (9th Cir. 2012). The three elements of standing are (1) “that the plaintiff suffered an injury in fact,” (2) “that there is a causal connection between the injury and the conduct complained of, and” (3) “that it is likely the injury will be redressed by a favorable decision.” Id. (citing Lujan v. Defenders of Wildlife, 504 U.S. 555, 560-61, 112 S.Ct. 2130, 119 L.Ed.2d 351 (1992)). In a civil forfeiture proceeding, standing is satisfied if the claimant can show “a colorable interest in the property, for example, by showing actual possession, control, title, or financial stake.” United States v. Real Prop. Located at 475 Martin Lane, 545 F.3d 1134, 1140 (9th Cir. 2008) (quoting United States v. Real Prop. Located at 5208 Los Franciscos Way, 385 F.3d 1187, 1191 (9th Cir. 2004). The burden for showing standing rests on the party asserting it. Lujan, 504 U.S. at 561, 112 S.Ct. 2130.

During the pendency of the forfeiture action, the Estates executed a stipulation recognizing Yagman’s interest in the Currency. Having recognized Yagman’s interest in the Currency, no interest remains in which the Estates can assert any claim. Because the Estates no longer have any colorable interest in the Currency, they lack standing to pursue this appeal. 1

This appeal is DISMISSED.