ESG Controversy Top Movers

Week ending August 27th, 2023

In this week's report:

  • Elon Musk's SpaceX sued for alleged discrimination against refugees and people granted asylum;
  • Teva Pharmaceuticals and Glenmark Pharmaceuticals to pay more than $250 million in fines for price-fixing;
  • T-Mobile, Charles Schwab and Dick’s Sporting Goods among companies making significant job cuts, and
  • Juul Labs sued by rivals for e-vapor patent infringement.
Company
Category
Momentum
Event
Space Exploration Technologies Corp.

discrimination-defendant

SpaceX, the rocket company founded by Elon Musk, has been sued by the US for alleged hiring discrimination against refugees and people granted asylum.
TMUS T-Mobile US Inc.

layoffs

T-Mobile plans to cut 5,000 jobs, or 7% of its workforce.
TEVA Teva Pharmaceutical Industries Ltd.

price-fixing-fine-target

Israeli drugmaker Teva Pharmaceuticals will pay $225 million in fines over five years, settling with the US Department of Justice for price-fixing charges.
SCHW The Charles Schwab Corp.

layoffs

Financial services firm Charles Schwab will trim jobs and shut down or downsize offices to lower operating costs by at least $500 million.
GLENMARK Glenmark Pharmaceuticals Ltd.

price-fixing-fine-target

Glenmark Pharmaceuticals will pay $30 million to resolve charges alleging that it conspired with Teva to fix prices for a cholesterol drug.
QAN Qantas Airways Ltd.

legal-issues-defendant

Australian airline Qantas is facing a class action lawsuit over its refund policy for flights cancelled during the pandemic.
Juul Labs Inc.

patent-infringement-defendant

Juul Labs, an American electronic cigarette company, is being sued by rivals Njoy and Altria over e-vapor patent infringement.
DKS Dick's Sporting Goods Inc.

layoffs

Dick’s Sporting Goods has laid off about 250 employees from its corporate workforce.
WHR Whirlpool Corp.

sanctions-target

Whirlpool was fined $11.5 million over hazardous cooktops.
GCI Gannett Co. Inc.

discrimination-defendant

Gannett, a top US newspaper publisher, has been sued for alleged white worker discrimination amid efforts to diversify newsrooms.

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