Rule 7.1 Corporate Disclosure Statement
(Federal)

Summary

This template is a Rule 7.1 corporate disclosure statement that may be used by an entity in a federal district court litigation subject to any applicable local rules. This template contains practical guidance, drafting notes, and alternate and optional clauses. A disclosure statement must be filed by any nongovermental corporation that is a party or seeking to intervene in a federal district court action or any party or intervenor in a diversity case. The party, intervenor, or proposed intervenor must file the disclosure statement with its first appearance in the case, such as when submitting a pleading or motion to dismiss, and file any supplemental statement if the required information changes. Fed. R. Civ. P. 7.1. Note that this is a change from the prior Rule 7.1 which only applied to corporate parties. The amended Rule 7.1 preserves that disclosure but imposes additional requirements in diversity cases. A covered corporate party includes a corporation, an LLC, LLP, or any other type of organized entity. The disclosure statement must identify: • Any parent corporation • Any publicly held corporation that owns 10% of the party's stock You must file this statement even if your client has no parent corporations or 10% owner corporations to disclose. In that case, you would represent that the entity does not fall under either category. In a diversity action, the disclosure statement must specify the identity and citizenship of each individual or entity whose citizenship is attributed to that party or intervenor. For a full listing of key content covering fundamental civil litigation tasks throughout a federal case lifecycle, see Civil Litigation Fundamentals Resource Kit (Federal). For more information on the disclosure statement, see Commencing a Lawsuit: Drafting and Filing the Complaint (Federal) and Wagstaffe Prac. Guide: Fed. Civ. Proc. Before Trial, § 17-XVI[C].