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HomeMy WebLinkAboutReports - 2020.01.23 - 33083PORTFOLIO MONITORING REVIEW ______________________ January 2020 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 6,2019 to January 3,2020.Information contained in this report is based upon the November 30,2019 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. 2020 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Ra Parmaceuticals, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Achillion Pharmaceuticals, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Under Armour, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Jagged Peak Energy Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Yunji Inc.:ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Plantronics, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Roan Resources, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Lipocine Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Proteon Therapeutics, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Armstrong Flooring, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Wanda Sports Group Co. Ltd.:ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Progenics Pharmaceuticals, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Energy Transfer LP No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Canopy Growth Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Aurora Cannabis Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. 2020 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Boxwood Merger Corp.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. The RealReal, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Innophos Holdings, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Fiat Chrysler Automobiles N.V.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. HEXO Corp.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Aytu BioScience, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Caronite, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Net 1 UEPS Technologies, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. 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. Fitbit, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. X Financial: ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. Anixter International Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. The Medicines Company Unknown at this time.Will continue to monitor as portfolio data becomes available. Baozun Inc.: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Adamas Pharmaceuticals, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Foamix Pharmaceuticals Ltd.Unknown at this time.Will continue to monitor as portfolio data becomes available. Ladenburg Thalmann Financial Services Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Correvio Pharma Corp Unknown at this time.Will continue to monitor as portfolio data becomes available. 2020 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Cintas Corporation No PSLRA recognized losses. OCERS held 2,025 shares at the end of the Class Period at an average cost of $179.09 per share. All shares were purchased during the Class Period. Based on the average market price of $261.36 per share during the period from the end of the Class Period through January 7, 2020, we estimate that OCERS will not realize a PSLRA-recognized loss on this stock; therefore, no action was recommended. William Lyon Homes Unknown at this time.Will continue to monitor as portfolio data becomes available. Mylan N.V.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Exelon Corporation Unknown at this time.Will continue to monitor as portfolio data becomes available. Green Dot Corporation Unknown at this time.Will continue to monitor as portfolio data becomes available. Audentes Therapeutics, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Aircastle Limited Unknown at this time.Will continue to monitor as portfolio data becomes available. Continental Building Products, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Tech Data Corporation Unknown at this time.Will continue to monitor as portfolio data becomes available. Pattern Energy Group Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Trulieve Cannabis Corp.Unknown at this time.Will continue to monitor as portfolio data becomes available. Forescout Technologies, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Arqule Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Tiffany & Co.Unknown at this time.Will continue to monitor as portfolio data becomes available. Synthorx, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. MutualFirst Financial, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.