NEW ORLEANS, Aug. 02, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, is reminding investors they have until August 15, 2022 to file lead plaintiff motions in a securities class action lawsuit against Unilever PLC ULif you purchased the Company’s American Depositary Receipts (“ADRs”) between September 2, 2020 and July 21, 2021 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the Southern District of New York.

get help

Unilever investors should visit us at https://claimsfiler.com/cases/nyse-ul/ or call toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.

About the lawsuit

Unilever and certain of its officers are accused of failing to disclose material information during the class action period in violation of federal securities laws.

On July 19, 2021, the company’s wholly owned subsidiary, Ben & Jerry’s, announced a decision to end sales of its ice cream in the “Occupied Palestinian Territories” upon the expiration of the current licensing agreement, which has seen its products distributed in Israel for decades. Then, on July 22, 2021, media sources reported that the states of Texas and Florida were investigating Ben & Jerry’s actions for possible violations of the states’ anti-BDS (Boycott, Divestment, and Sanctions of Israel) legislation.

On the news, Unilever’s ADRs fell $3.19 a share, or about 5.4%.

The case is City of St. Clair Shores Police and Fire Retirement System v. Unilever PLC, et al.No. 22-cv-05011.

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