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Home My WebLink AboutReports - 2019.01.17 - 31234PORTFOLIO MONITORING REVIEW ______________________ January 2019 Short Form Summary OAKLAND COUNTY EMPLOYEES’ RETIREMENT SYSTEM We identified the following companies which are subject to claims of fraud and/or misrepresentation during the period of December 1,2018 to January 4,2019.Information contained in this report is based upon the November 30,2018 data,which is the latest available from Northern Trust.We will continue to monitor these cases for any developments that could impact OCERS,including settlements. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation OvaScience, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Cheetah Mobile Inc.:DS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Welbilt, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Synchrony Financial ($48,209) OCERS held 12,532 shares at the end of the Class Period at an average cost of $29.03 per share. The average market price from the end of the Class Period through January 7, 2019 was $25.18 per share. Based on this market pricing, we estimate that OCERS will realize an approximate loss of $48,209 on this stock. Based on the amount of this loss, we do not recommend that OCERS seek lead plaintiff status. Rowan Companies PLC No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Engility Holdings, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Aspen Insurance Holdings Limited No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Endocyte, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. JetPay Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Select Income REIT No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Nevsun Resources Ltd.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Pandora Media, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. MoneyGram International, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Hortonwerks, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Edison International No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. XO Group Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Altice USA, Inc.($60,941) OCERS held 60,389 shares at the end of the Class Period at an average cost of $18.17 per share. The average market price from the end of the Class Period through January 7, 2019 was $17.16 per share. Based on this market pricing, we estimate that OCERS will realize an approximate loss of $60,941 on this stock. Based on the amount of this loss, we do not recommend that OCERS seek lead plaintiff status. Datawatch Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. PPDAI Group Inc.:ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Integrated Device Technology, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Esterline Technologies Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Cambium Learning Group Inc No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. The Boeing Company No PSLRA recognized losses. OCERS held 7,909 shares at the end of the Class Period at an average cost of $100.98 per share, but there were no purchases made during the Class Period; therefore, there were no PSLRA recognized losses, and no action is recommended. Electro Scientific Industries, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Ternium S.A.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Electro Scientific Industries, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Black Box Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Marriott International, Inc No PSLRA recognized losses. OCERS held 4,195 shares at the end of the Class Period at an average cost of $73.17 per share, but there were no purchases made during the Class Period; therefore, there were no PSLRA recognized losses, and no action is recommended. Impeva, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. ConvergeOne Holdings, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Nevada Gold & Casinos, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. SendGrid, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Loma Negra Compania Indutrial: ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. CURO Group Holdings Corp.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Aphria Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Arris International PLC Unknown at this time.Will continue to monitor as portfolio data becomes available. Apptio, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Dover Downs Gaming & Entertainment, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Nissan Motor Co., Ltd.: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Pacific Biosciences of California, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Intersections Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Tenaris S.A.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Telodoc Health, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. iPass, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. bluebird bio, inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Bojangles', Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. XPO Logistics, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Nobilis Health Corp.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Access National Corporation Unknown at this time.Will continue to monitor as portfolio data becomes available. Red Hat , Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Athenahealth, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Newfield Exploration Corpoaration Unknown at this time.Will continue to monitor as portfolio data becomes available. Inuvo, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Dentsply Sirona, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. The Goldman Sachs Group, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. JA Solar Holdings Co. Ltd: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. NVIDIA Corporation ($927,253) OCERS held 10,224 shares at the end of the Class Period at an average cost of $234.19 per share. OCERS purchased 9,444 shares during the Class Period. The average market price from the end of the Class Period through January 7, 2019 was $145.69 per share. Based on this market pricing, we estimate that OCERS will realize an approximate loss of $934,413 on this stock using the FIFO method, and an approximate loss of $927,253 using the LIFO method. Based on the amount of this loss we are investigating this case and evaluating whether OCERS should seek lead plantiff status. Allergan plc Unknown at this time.Will continue to monitor as portfolio data becomes available. Yoga Works, Inc No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Immunomedics, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. DXC Technology Company No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Alkermes Public Limited Company No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action is recommended. Nova Lifestyle, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. YRC Worldwide, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Yangtze River Port and Logistics Limited Unknown at this time.Will continue to monitor as portfolio data becomes available. Perrigo Company PLC Unknown at this time.Will continue to monitor as portfolio data becomes available. Wildhorse Resource Development Corporation Unknown at this time.Will continue to monitor as portfolio data becomes available. TESARO, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. L3 Technologies, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Investment Technology Group, Inc.+E50C44:E73E60C57:D73E60C57:D73C38:E73E60C57:D73C36:D73C37:D73E60C57:D73C38:D73C39:D73C40:D73C42:D73C43:C73C44:C73C45:C73C46:C73C47:C73C48:C73C49:C73C50:C73C51:C73B51:C73B52:C73B53:C73C53:C73C52:C73C51:C73C50:C73C48:C73C47:C73C46:C73C45:C73C44:D73C43:D73C42:D73C41:D73C40:D73C39:D73C38:D73C37:D73C36:D73C35:D73C34:D73C32:D73E60C57:D73C27:D73C22:D73C19:D73E60C57:D73C18:D73E60C57:C12:E73Unknown at this time.Will continue to monitor as portfolio data becomes available.