ESG Controversy Top Movers

Week ending July 16th, 2023

In this week's report:

  • US-based equipment vendor Lam Research loses infringement court case to China's leading semiconductor equipment maker;
  • Illumina, Bank of America hit by hefty fines from regulators;
  • Haleon, Freightos to cut staff significantly and
  • HCA Healthcare reports breach of 11M patients' data.
Company
Category
Momentum  
Event
ILMNIllumina Inc.

sanctions-target

The EU fined the U.S. genetic sequencing giant Illumina with $475 million for the acquisition of cancer detection company Grail without regulatory approval.
BACBank of America Corp.

sanctions-target

Bank of America to pay over $100 million after doubling fees and opening accounts without customer consent.
HCAHCA Healthcare Inc.

data-breach

HCA Healthcare reports breach of 11 million patients’ personal data.
Bulgari S.p.A.

apology

Italian luxury brand Bulgari apologized to China after listing Taiwan as a country on its website.
METAMeta Platforms Inc.

copyright-infringement-defendant

Meta faces a class lawsuit for AI products infringing authors' rights.
ATUSAltice USA Inc.

executive-scandal

Telecom group Altice's co-founder Armando Pereira has been detained for alleged corruption, tax fraud and money laundering.
HLNHaleon PLC

layoffs

Haleon, the company behind the Sensodyne toothpaste and Advil painkillers, is planning to cut hundreds of roles in the UK and potentially thousands worldwide.
LRCXLam Research Corp.

sanctions-target

US-based equipment vendor Lam Research loses infringement court case to China's leading semiconductor equipment maker Advanced Micro-fabrication Equipment (AMEC).
AZYOAziyo Biologics Inc.

product-recall

Aziyo Biologics, a company that develops biologic products, announceçd a voluntary recall of bone repair products, after reported infections in patients.
CRGOFreightos Ltd.

layoffs

Freightos, a digital marketplace for international air and ocean shipping, will reduce staff by 13%.

It's often difficult to follow all the news to build a complete picture about a company, particularly when events are less reported. Yet published research has identified how selecting stocks and bonds with low controversy profile captures more alpha and lowers risk.

Leveraging local and global newswire coverage, the RavenPack controversy framework allows investors to identify companies involved in controversial events. Each week we publish a selection of controversy identified on a different universe.

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