🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Ben & Jerry's will amend lawsuit against Unilever over Israel ice cream sale

Published 09/06/2022, 08:30 PM
Updated 09/06/2022, 09:15 PM
© Reuters. FILE PHOTO: A refrigerator bearing the Ben & Jerry's logo is seen at a food store in the Jewish settlement of Efrat in the Israeli-occupied West Bank July 20, 2021. REUTERS/Ronen Zvulun//File Photo
UL
-

By Jonathan Stempel

NEW YORK (Reuters) - Ben & Jerry's said it plans to amend its lawsuit challenging the sale of its ice cream business in Israel by its parent company, Unilever (NYSE:UL) Plc.

In a letter filed on Tuesday night in federal court in Manhattan, Ben & Jerry's said it plans to file an amended complaint by Sept. 27, with Unilever's response due by Nov. 1.

Unilever has agreed to the timetable, the letter said. Its response to Ben & Jerry's original complaint had been due on Tuesday.

Ben & Jerry's had sued on July 5, saying the sale of the Israeli business to local licensee Avi Zinger breached Unilever's 2000 agreement to buy the Burlington, Vermont-based company because it would allow ice cream sales in the West Bank.

In July 2021, Ben & Jerry's decided to end sales in Israeli-occupied Palestinian territories, calling it "inconsistent" with the progressive values and social mission it retained the right to promote. That decision prompted a backlash against Unilever, including divestments by pension funds from the consumer goods company and accusations of anti-Semitism by some Jewish groups.

© Reuters. FILE PHOTO: A refrigerator bearing the Ben & Jerry's logo is seen at a food store in the Jewish settlement of Efrat in the Israeli-occupied West Bank July 20, 2021. REUTERS/Ronen Zvulun//File Photo

On Aug. 22, U.S. District Judge Andrew Carter in Manhattan said Ben & Jerry's did not deserve an injunction against the sale to Zinger because it failed to show it would suffer irreparable harm. The judge did not decide the lawsuit's merits.

Unilever has said Ben & Jerry's had no power to stop or undo the sale, which has already closed.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.