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HomeMy WebLinkAboutReports - 2019.12.17 - 32663PORTFOLIO MONITORING REVIEW ______________________ December 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 November 8,2019 to December 6,2019.Information contained in this report is based upon the October 31,2019 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 Vitamin Shoppe No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Uber Technologies, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Avedro, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Milacron Holdings Corp No PSLRA recognized losses. OCERS held 68,473 shares at the end of the Class Period at an average cost of $17.40 per share, but made no purchases during the Class Period. Therefore, there were no PSLRA recognized losses and no action was recommended. Dropbox, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. SmileDirectClub, Inc.Loss of $2,970 OCERS held 300 shares at the end of the Class Period at an average cost of $23.00 per share, all of which shares were purchased during the Class Period. All shares were sold within a month from the end of the Class Period at a combined loss of $2,970. Based on the amount of this loss, we did not recommend that OCERS seek lead plaintiff status. Ruhnn Holding Limited: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Sonim Technologies, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. SRC Energy Inc.Merger Case This is a mergers and acquisitons case with a deal value of $3.99 per share. OCERS held 46,431 shares at the end of the Class Period at an average cost of $6.54 per share. Ecology and Environment, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Organovo Holdings, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. SemGroup Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Empire Resorts, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Avon Products, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Pivotal Software, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. ADTRAN, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Infosys Limited: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. United Community Financial Corp.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Dova Pharmaceuticals, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Pareteum Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Fibrocell Science, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Zendesk, Inc.No PSLRA recognized losses. OCERS held 5,200 shares at the end of the Class Period at an average cost of $63.63 per share, but made no purchases during the Class Period. Therefore, there were no PSLRA recognized losses and no action was recommended. iRobot Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. PG&E Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Arotech Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Twitter, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. AZZ, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Ra Parmaceuticals, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Quad/Graphics, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Under Armour, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Resideo Technologies, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Jagged Peak Energy Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Achillion Pharmaceuticals, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Yunji Inc.:ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. Plantronics, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Roan Resources, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Lipocine Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Proteon Therapeutics, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Armstrong Flooring, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Wanda Sports Group Co. Ltd.:ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. Grubhub Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Energy Transfer LP Unknown at this time.Will continue to monitor as portfolio data becomes available. Canopy Growth Corporation Unknown at this time.Will continue to monitor as portfolio data becomes available. Aurora Cannabis Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Progenics Pharmaceuticals, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Deloitte & Touche LLP: SCANA Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. 2019 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Boxwood Merger Corp.Unknown at this time.Will continue to monitor as portfolio data becomes available. The RealReal, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Innophos Holdings, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Baxter International Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. HEXO Corp.Unknown at this time.Will continue to monitor as portfolio data becomes available. Aytu BioScience, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Prudential Financial, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Fiat Chrysler Automobiles N.V.Unknown at this time.Will continue to monitor as portfolio data becomes available. Merit Medical Systems, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Net 1 UEPS Technologies, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Liberty Property Trust Unknown at this time.Will continue to monitor as portfolio data becomes available. Cision Ltd.Unknown at this time.Will continue to monitor as portfolio data becomes available. Caronite, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Fitbit, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.