OPINION

Humberto Gimenez, a pro se litigant proceeding in forma pauperis, appeals an order of the United States District Court for the District of New Jersey dismissing his complaint as frivolous pursuant to 28 U.S.C. § 1915(e)(2)(B)(i). Because the appeal is without legal merit, we will dismiss it under 28 U.S.C. § 1915(e)(2)(B).

Gimenez’s complaint alleges misconduct arising out of a 2004 sale of stock conducted by Appellee, Morgan Stanley DW, Inc. (“Morgan Stanley”), on behalf of Gimenez’s corporation, Humberto Gimenez Corp. The District Court dismissed Gimenez’s complaint on res judicata grounds, citing four prior instances where state and federal courts dismissed complaints filed[*584] by Gimenez (either on behalf of himself or his corporation) against Morgan Stanley based on the same set of facts. ^[1]

An appeal filed by a litigant proceeding in forma pauperis is subject to dismissal at any time if it lacks an arguable basis in law or fact. See 28 U.S.C. § 1915(e)(2)(B)(i); Neitzke v. Williams, 490 U.S. 319, 325, 109 S.Ct. 1827, 104 L.Ed.2d 338 (1989). Res judicata is a proper basis for dismissal under 28 U.S.C. § 1915(e)(2)(B). See Gleash v. Yuswak, 308 F.3d 758, 760-61 (7th Cir.2002). The doctrine of res judicata bars a plaintiff who has received a final judgment on the merits from relitigating the same claim against the same defendant. See CoreStates Bank, N.A. v. Huls America, Inc., 176 F.3d 187, 194 (3d Cir.1999); see also Churchill v. Star Enterprises, 183 F.3d 184, 194 (3d Cir.1999) (res judicata precludes successive suits against the same defendant based on same underlying events). A dismissal that is specifically rendered “with prejudice” qualifies as an adjudication on the merits and thus carries preclusive effect. See Gambocz v. Yelencsics, 468 F.2d 837, 840 (3d Cir.1972). A dismissal under the in forma pauperis statute also qualifies as an adjudication on the merits carrying preclusive effect for purposes of any future in forma pauperis actions raising the same claim. See Cieszkowska v. Gray Line New York, 295 F.3d 204,205-06 (2d Cir.2002).

As explained by the District Court, Gimenez’s claims are barred on res judicata grounds. We note that although Civ. No. 05-cv-4623 was brought by Gimenez on behalf of his eponymous corporation, that case’s disposition precludes Gimenez from subsequently bringing the same suit on behalf of himself. See Transamerica Occidental Life Ins. Co. v. Aviation Office of America, Inc., 292 F.3d 384, 392 (3d Cir.2002) (“Res judicata acts as a bar to relitigation of an adjudicated claim between parties and those in privity with them.”); In re Teltronics Services, Inc., 762 F.2d 185, 191 (2d Cir.1985) (“A judgment against a corporation bars later litigation on the same cause of action by an officer, director, or shareholder of the corporation if the individual participated in and effectively controlled the earlier case.”). The other two dismissals, which were entered pursuant to a sua sponte determination of frivolousness under the informa pauperis statute, preclude Gimenez from bringing the same claim against the same defendant while in possession of in forma pauperis status.

Based on the foregoing, we conclude that Gimenez’s appeal lacks legal merit and we will dismiss it under 28 U.S.C. § 1915(e)(2)(B).