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HomeMy WebLinkAboutReports - 2021.08.12 - 34768PORTFOLIO MONITORING REVIEW ______________________ August 2021 Short Form Summary OAKLAND COUNTY EMPLOYEES’ R ETIREMENT SYSTEM We identified the following companies which are subject to claims of fraud and/or misrepresentation during the period of June 29, 2021 to August 5,2021.Information contained in this report is based upon the June 30,2021 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. 2021 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation RLX Technology Inc.: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Ocugen, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Home Point Capital Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Athira Pharma, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Rocket Companies, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Rekor Systems, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. DraftKings Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Didi Global Inc.:ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. CarLotz, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Orphazyme A/S: ADS No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. James River Group Holdings, Ltd.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. Kanzhun Limited: ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. Full Truck Alliance Co. Ltd.: ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. 360 DigiTech, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Stable Road Acquisition Corp.Unknown at this time.Will continue to monitor as portfolio data becomes available. Renovacare, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. BlueCity Holdings Limited: ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. CorMedix Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action was recommended. 2021 Short Form Summary of PSLRA Filings PSLRA & Derivative lawsuits Impact Recommendation Coinbase Global, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Piedmont Lithium Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Oatly Group AB: ADS Unknown at this time.Will continue to monitor as portfolio data becomes available. AdaptHealth Corp.Unknown at this time.Will continue to monitor as portfolio data becomes available. Concho Resources Inc.Loss of $15,024 OCERS held 9,747 shares at the end of the Class Period at an average cost of $113.92 per share; 337 shares were purchased during the Class Period. The average market price was $69.34 per share during the period following the end of the Class Period through the 90-day look-back period. Based on this market price, we estimate that OCERS will recognize a PSLRA loss of $15,024 on this stock. Based on the amount of this loss, we did not recommend that OCERS seek lead plaintiff status. Ardelyx Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Activision Blizzard, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Zymergen Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Bowl America, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available. Iterum Therapeutics plc Unknown at this time.Will continue to monitor as portfolio data becomes available.