A Manhattan federal judge dismissed a lawsuit against Unilever Plc on Tuesday that claimed the company misled U.S. investors by not immediately disclosing a decision by its Ben & Jerry s unit to stop selling ice cream in Israeli-occupied Palestinian territories.
A Manhattan federal judge dismissed a lawsuit against Unilever Plc on Tuesday that claimed the company misled U.S. investors by not immediately disclosing a decision by its Ben & Jerry's unit to stop selling ice cream in Israeli-occupied Palestinian territories. A Michigan pension fund sued in June 2022, seeking damages for a drop in Unilever shares after Ben & Jerry's announced in July 2021 it would stop sales in the Israeli-occupied West Bank and parts of East Jerusalem. U.S. District Judge Lorna Schofield ruled on Tuesday that Unilever was not required to disclose the boycott when Ben & Jerry's board decided on it in 2020 because Unilever had ultimate control over whether to implement it.
Unilever Beats Shareholder Case Over Ben & Jerry s Israel Boycott usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Jody Godoy (Reuters) - A Manhattan federal judge dismissed a lawsuit against Unilever Plc on Tuesday that claimed the company misled U.S. investors.