Wednesday June 15, 2022
I've Been Thinking:

Unilever is being sued by a group of U.S. shareholders who believe that the company mishandled the decision by its Ben & Jerry's unit to stop selling ice cream in the Israeli-West Bank.

According to the proposed class action suit filed in Manhattan federal court, Unilever improperly concealed the decision before it was announced, recognizing that many U.S. states might divest from companies that support anti-Israel boycotts, yet stood behind it once the news became public.

To refresh your memory, last July Ben & Jerry's announced that it would stop selling its products in the Israeli-occupied West Bank and parts of East Jerusalem.  Ben and Jerry’s then stopped a three-decade-long relationship with the local Israeli company that was making the ice cream.

According to the official complaint: "As a result of defendants' wrongful acts and omissions, and the declines in the market value of Unilever, plaintiff and other class members have suffered significant losses and damages."

I think this case has merit.

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