On February 12, 2018, the Court denied defendants’ motion to dismiss in respect to PERS’s consolidated complaint alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Specifically, United States District Judge Samuel Der-Yeghiayan found that defendants made material misstatements and the allegations presented in the complaint support “a reasonable belief as to the misleading nature of the statements or omissions” and that defendants “knew the statements were false or misleading.”