NEW YORK, July 25, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of Unilever PLC (NYSE: UL) securities between September 2, 2020 and July 21, 2021both dates included (the “Class Period”), of the material August 15, 2022 lead applicant deadline.
SO WHAT: If you purchased Unilever securities during the Class Period, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Unilever class action, go to https://rosenlegal.com/submit-form/?case_id=7063 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than August 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that in July 2020, Ben & Jerry’s board of directors passed a resolution to end the sale of its ice cream in the “Occupied Palestinian Territory” as well as the risks associated with the board’s decision. Additionally, Unilever’s description of its legal risks was materially false and misleading, as Unilever acknowledged that compliance with all applicable laws and regulations was important, but failed to discuss Ben & Jerry’s boycott decision, which could result in adverse government action for violation of laws, executive orders, or resolutions designed to discourage boycotts, divestments, and sanctions of Israel adopted by 35 US states (“anti-BDS legislation”).
On July 19, 2021, Unilever and its hand-picked CEO Ben & Jerry’s have finally “operationalized” the Ben & Jerry’s board boycott resolution. Ben & Jerry’s announced on its website and via its Twitter account that upon the expiration of the current license agreement under which its products were distributed in Israel for decades, Ben & Jerry’s would end the sale of its ice cream in the “Occupied Palestinian Territory”, but Ben & Jerry’s would allegedly continue to sell its products in Israel.
Ultimately, the states of New York, New Jersey, Florida, Texas, Illinois, Coloradoand Arizona announced decisions to divest their pension fund investments in Unilever due to violations of their anti-BDS legislation.
When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Unilever class action, go to https://rosenlegal.com/submit-form/?case_id=7063 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, Pennsylvania