LABORERS' LOCAL 265 PENSION FUND v. iSHARES TRUST

Case No. 3:13-cv-00046.

LABORERS' LOCAL 265 PENSION FUND and PLUMBERS AND PIPEFITTERS LOCAL No. 572 PENSION FUND, Plaintiffs, v. iSHARES TRUST; iSHARES, INC.; iSHARES RUSSELL MIDCAP INDEX FUND; iSHARES MSCI EAFE INDEX FUND; iSHARES MSCI EMERGING MARKETS INDEX FUND; iSHARES RUSSELL 2000 GROWTH INDEX FUND; iSHARES CORE S&P MID CAP INDEX FUND; iSHARES CORE S&P SMALLCAP INDEX FUND; iSHARES DOW JONES US REAL ESTATE INDEX FUND; BLACKROCK FUND ADVISORS; BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A., ROBERT S. KAPITO; MICHAEL LATHAM; ROBERT H. SILVER; GEORGE G.C. PARKER; JOHN E. MARTINEZ; CECILIA H. HERBERT; CHARLES A. HURTY; JOHN E. KERRIGAN; and MADHAV V. RAJAN, Defendants.

United States District Court, M.D. Tennessee, Nashville Division.

August 28, 2013.


Attorney(s) appearing for the Case

Laborers' Local 265 Pension Fund, Plaintiff, represented by Brian J. Robbins , Robbins Arroyo LLP, Craig W. Smith , Robbins Arroyo LLP, James Gerard Stranch, III , Branstetter, Stranch & Jennings, Jenny L. Dixon , Robbins Arroyo LLP, Andrew Evan Hill , The Pickrell Law Group, P.C., C. Mark Pickrell , The Pickrell Law Group, P.C., James Gerard Stranch, IV , Branstetter, Stranch & Jennings, Karla M. Campbell , Branstetter, Stranch & Jennings, Michael G. Stewart , Branstetter, Stranch & Jennings & William Gregory Brown , The Pickrell Law Group, P.C..

Plumbers and Pipefitters Local No. 572 Pension Fund, Plaintiff, represented by Brian J. Robbins , Robbins Arroyo LLP, Craig W. Smith , Robbins Arroyo LLP, James Gerard Stranch, III , Branstetter, Stranch & Jennings, Jenny L. Dixon , Robbins Arroyo LLP, Andrew Evan Hill , The Pickrell Law Group, P.C., C. Mark Pickrell , The Pickrell Law Group, P.C., James Gerard Stranch, IV , Branstetter, Stranch & Jennings, Karla M. Campbell , Branstetter, Stranch & Jennings, Michael G. Stewart , Branstetter, Stranch & Jennings & William Gregory Brown , The Pickrell Law Group, P.C..

iShares Trust, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares, Inc., Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares Russell Midcap Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares MSCI EAFE Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares MSCI Emerging Markets Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares Russell 2000 Growth Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares Russell 2000 Value Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares Core S&P Mid Cap Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares Core S&P Small Cap Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

iShares Dow Jones US Real Estate Index Fund, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

Blackrock Fund Advisors, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

Blackrock Institutional Trust Company, N.A., Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

Robert S. Kapito, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

Michael Latham, Defendant, represented by Jeremy Berman , Skadden, Arps, Slate, Meagher & Flom LLP, John R. Jacobson , Riley, Warnock & Jacobson, Seth M. Schwartz , Skadden, Arps, Slate, Meagher & Flom LLP, Milton S. McGee, III , Riley, Warnock & Jacobson & Steven Allen Riley , Riley, Warnock & Jacobson.

Robert H. Silver, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.

George G.C. Parker, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.

John E. Martinez, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.

Cecilia H. Herbert, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.

Charles A. Hurty, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.

John E. Kerrigan, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.

Madhav V. Rajan, Defendant, represented by Bruce H. Schneider , Stroock & Stroock & Lavan, LLP, Emily B. Warth , Walker, Tipps & Malone, John C. Hayworth , Walker, Tipps & Malone & John M. Tipps , Walker, Tipps & Malone.


MEMORANDUM

ALETA A. TRAUGER, District Judge.

Pending before the court are two Motions to Dismiss the Complaint in this derivative action. Defendants iShares Trust and iShares, Inc. ("iShares"); iShares Russell Midcap Index Fund, iShares MSCI EAFE Index Fund, iShares MSCI Emerging Markets Index Fund, iShares Russell 2000 Growth Index Fund, iShares Russell 2000 Value Index Fund, iShares Core S&P Mid Cap Index Fund, iShares Core S...

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