Recent Security Class Actions

Unilever PLC Common Stock (NYSE: UL)

Company Name:Unilever PLC Common Stock
Stock Symbol:NYSE: UL
Class Period Start:09/02/2020
Class Period End (inclusive):07/21/2021

On July 19, 2021, the Company’s wholly owned subsidiary, Ben & Jerry’s, announced a resolution to end sales of its ice cream in “Occupied Palestinian Territory” upon the expiration of the current licensing agreement by which its products had been 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 (boycotts, divestment, and sanctions of Israel) legislation. On this news, ADRs of Unilever fell $3.19 per share, or approximately 5.4%.