Read the following excerpt from a US court opinion:
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1990 WL 84704, at *2-3. 21 . See Leighton, 1990 WL 84704, at *2-3 (dismissing current shareholder’s appeal and holding that shareholder who was not plaintiff in derivative action lacked standing to challenge or object to derivative-action settlement because shareholder did not own stock when the allegedly actionable conduct occurred); In re Beatrice Companies, Inc., Nos. 155,156, 1987 WL 36708, at *2-3 (Del. Feb. 20, 1987) (precedential order) (dismissing current shareholder's appeal and holding that shareholder who was not plaintiff in derivative action lacked standing to challenge or object to derivative-action settlement because shareholder did not own stock when the allegedly actionable V, 2009 WL 909591, at *3 (Tex.App.-Houston [14th Dist.] Apr. 7, 2009, no pet.) (mem. op.) ; Somers v. Crane, 295 S.W.3d 5, 8, 10, 13
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What is the most suitable continuation to the opinion? Your options are:
A. holding that lack of standing cannot be waived and may be raised for the first time by an appellate court on its own motion
B. holding standing cannot be waived and may thus be raised at any time
C. holding issue cannot be raised for the first time on appeal but must have been raised to and ruled upon by the trial judge to be preserved for appellate review
D. holding that claims which were not presented to the motion court cannot be raised for the first time on appeal
E. holding that an issue not raised in the trial court cannot be raised for the first time on appeal
Reply with [A, B, C, D, E] only.