ESG Controversy Top Movers

Week ending August 6th, 2023

In this week's report:

  • Several companies are making notable workforce reductions: CVS Health, Telus, Yellow;
  • Taco Bell faces lawsuit claiming false advertising;
  • Warner Bros has apologized for 'Barbenheimer' tweets, and
  • Australian regulator takes eToro to court over high-risk trading products.
Company
Category
Momentum
Event
CVS CVS Health Corp.

layoffs

CVS is laying off about 5,000 employees in a cost-cutting effort.
YUM Taco Bell Corp.

false-advertising

Taco Bell is facing a class-action lawsuit for alleged false advertising.
WBD Warner Bros. Entertainment Inc.

apology

Warner Bros has apologized for ‘Barbenheimer’ tweets that sparked criticism in Japan.
T TELUS Corp.

layoffs

Telus cuts 6,000 jobs after net income drops 61% in Q2.
YELL Yellow Corp.

layoffs

Yellow Corp., one of the largest trucking companies in the United States, is headed for bankruptcy, putting 30,000 jobs at risk.
APLS Apellis Pharmaceuticals Inc.

legal-issues-defendant

Apellis Pharmaceuticals, the global biopharmaceutical company, faces a shareholder class action lawsuit for violations of the Securities Exchange Act.
ALDX Aldeyra Therapeutics Inc.

legal-issues-defendant

A law firm has filed a class action lawsuit against Aldeyra Therapeutics alleging the company made misleading statements in their new drug application.
EOSE Eos Energy Enterprises Inc.

legal-issues-defendant

Eos Energy faces a class action lawsuit for violations of the Securities Exchange Act.
Belle Fourche Pipeline Company,
Bridger Pipeline LLC

environmental-noncompliance-fine-target

Belle Fourche and Bridger Pipeline companies to pay $12.5 million in penalties, and improve compliance, after pipeline spills in Montana and North Dakota.
eToro (Europe) Ltd.

legal-issues-defendant

Australian Financial Watchdog takes eToro to court over high-risk trading products.

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.

Receive the weekly report in your inbox:




We will process your personal data with the purpose of managing your personal account on RavenPack and offering our services. You can exercise your rights of access, rectification, erasure, restriction of processing, data portability and objection by emailing us at privacy@ravenpack.com. For more information, you can check out our Privacy Policy.
ESG Insights

Read Past Reports