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Case Status:    ONGOING    
On or around 06/24/2022 (Date of last review)

Filing Date: June 15, 2022

According to the Complaint, Unilever PLC is one of the world’s largest consumer goods companies. Ben & Jerry’s ice cream is one of Unilever’s marquee brands, which remains a wholly owned subsidiary of Unilever with an independent board addressing Ben & Jerry’s Social Mission.

The Complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and failed to disclose that in July 2020, Ben & Jerry’s board passed a resolution to end sales of its ice cream in “Occupied Palestinian Territory” as well as the risks attendant to the board’s decision. Additionally, the Complaint alleges that Unilever’s description of its legal risks was materially false and misleading because Unilever acknowledged that complying with all applicable laws and regulations was important but omitted discussing Ben & Jerry’s boycott decision, which risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states.

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