Draft Civil Procedure Rules Demand New Corporate Reporting
Law360 (August 19, 2019, 10:04 PM EDT) -- Newly proposed changes to the Federal Rules of Civil Procedure would expand the list of relevant individuals and associated parties that companies must identify when a case is filed so that diversity jurisdiction can be determined early on, according to a Monday announcement opening up public comment on the revisions.
The Judicial Conference Advisory Committee on Civil Rules has proposed two amendments to Civil Rule 7.1, which guides the disclosure of corporate ownership in litigation. One would require parties in actions where diversity jurisdiction is in play to disclose the names and citizenship of all individuals upon which the entity’s citizenship...
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