HomeMy WebLinkAboutReports - 2023.03.31 - 35554PORTFOLIO
MONITORING REVIEW
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March 2022
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
February 5,2022,to March 4,2022.Information contained in this report is based upon the January 31,2022 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.
2022 Short Form Summary of PSLRA Filings
PSLRA & Derivative lawsuits Impact Recommendation
Talis Biomedical Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Electric Last Mile Solutions, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.
Bumble Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Telos Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Biogen Inc.No PSLRA recognized losses.
OCERS held 545 shares at the end of the Class Period at an average cost of
$291.98 per share, but made no purchases during the Class Period. Therefore,
there were no PSLRA losses and no action was recommended.
Fennec Pharmaceuticals Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Astra Space Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Acutus Medical, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Sun Power Corporation No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Pulse Biosciences, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.
Butterfly Network, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Deloitte & Touche LLP: The Southern Company Loss of $19,633
OCERS held 17,181 shares at the end of the Class Period at an average cost
of $53.32 per share; all shares were purchased during the Class Period. The
average market price was $52.18 per share during the 90-day look-back period
following the end of the Class Period. Based on this market price, we estimate
that OCERS will recognize a PSLRA loss of $19,633 on this stock. Based on
the amount of this loss, we did not recommend that OCERS seek lead plaintiff
status.
MP Materials Corp.Unknown at this time.Will continue to monitor as portfolio data becomes available.
2022 Short Form Summary of PSLRA Filings
PSLRA & Derivative lawsuits Impact Recommendation
Gatos Silver, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
TaskUs, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Cerence Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.
Cabaletta Bio, Inc.No PSLRA recognized losses.OCERS had no holdings during the relevant time period; therefore, no action
was recommended.
Affirm Holdings, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.
Telefonaktiebolaget LM Ericsson Unknown at this time.Will continue to monitor as portfolio data becomes available.
C3.ai, Inc.Unknown at this time.Will continue to monitor as portfolio data becomes available.