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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 15, 2022 to file lead plaintiff applications in a securities class action lawsuit against Unilever PLC (NYSE: UL), if they purchased the Company’s American Depositary Receipts (“ADRs”) between September 2, 2020 and July 21, 2021, inclusive .
Unilever and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
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%.
If you purchased ADRs of Unilever as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is City of St. Clair Shores Police and Fire Retirement System v. Unilever PLC,, et al., No. 22-cv-05011.Click here to read the first filed complaint.