This lawsuit is for anyone who acquired securities in Unilever PLC (NYSE: UL) from September 2, 2020 through July 21, 2021.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors that its subsidiary, ice cream company, Ben & Jerry’s, would, as a corporate protest, stop selling ice cream in land areas that the Board of Directors of Ben and Jerry's considers as being occupied by Israel. The Company also failed to inform investors of the business risks attendant to taking such a known controversial position and one that Ben and Jerry's knew potentially ran afoul of state laws.
On July 19, 2021, Unilever’s subsidiary ice cream company, Ben & Jerry’s announced that, upon the expiration of the current licensing agreement through which it distributed its products in Israel for decades, it would end sales of its ice cream in what Ben and Jerry's described as “Occupied Palestinian Territory.” On this news, the price of the Company's stock dropped precipitously on unusually heavy trading volume. Then, on July 22, 2021, CNBC reported that Texas and Florida were investigating Ben & Jerry’s for violating each state's law preventing those states from doing business with any company boycotting Israel. In a letter from the state of Florida’s CFO Jimmy Patronis, who controls Florida’s public pension funds, Florida would “be prohibited from investing in Ben & Jerry’s or its parent company, Unilever.” Also, Unilever can not enter or renew contracts with the state or any municipality in Florida as long as Ben and Jerry's continues its boycott. On this news, the price of the Company's stock again dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Unilever PLC (NYSE: UL) from September 2, 2020 through July 21, 2021 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
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correct statements.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
