In re: Jensen, et al., v. iShares Trust, et al.,
CGC 16-552567

On June 16, 2016, investors in certain iShares
funds (iShares Core S&P Small-Cap ETF,
iShares Russell 1000 Growth ETF, iShares Core
S&P 500 ETF, iShares Russell Mid-Cap Growth
ETF, iShares Russell Mid-Cap ETF, iShares
Russell Mid-Cap Value ETF, iShares Select
Dividend ETF, iShares Morningstar Mid-Cap
ETF, iShares Morningstar Large-Cap ETF,
iShares U.S. Aerospace & Defense ETF and
iShares Preferred and Income Securities ETF)
filed a class action lawsuit against iShares Trust,
BlackRock, Inc. and certain of its advisory
affiliates, and certain directors/trustees and
officers of the Funds (collectively, "Defendants")
in California State Court. The lawsuit alleges the
Defendants violated federal securities laws by
failing to adequately disclose in the
prospectuses issued by the funds noted above
the risks of using stop-loss orders in the event of
a 'flash crash', such as the one that occurred on
May 6, 2010. On September 18, 2017, the court
issued a Statement of Decision holding that the
Plaintiffs lack standing to assert their claims. On
October 11, 2017, the court entered final
judgment dismissing all of the Plaintiffs' claims
with prejudice.  In an opinion dated January 23,
2020, the California Court of Appeal affirmed the
dismissal of Plaintiffs' claims. On March 3, 2020,
plaintiffs filed a petition for review by the
California Supreme Court.  On May 27, 2020,
the California Supreme Court denied Plaintiff's
petition for review. The case is now closed.