Ben & Jerry’s Parent Unilever Sued Over Plans to Boycott Israel

Unilever, which owns Ben & Jerry’s, was sued over allegations that it improperly handled the ice cream company’s plans to boycott Israel.

Shareholders brought a proposed class action against Unilever Plc on Wednesday in a Manhattan federal court, arguing that the company misled investors by hiding the boycott decision and mischaracterizing the news when it was announced.

The Ben & Jerry’s board agreed to stop selling its products in Israel-occupied areas of Palestine in 2020.

Unilever ADR’s, which are listed on the NYSE, dropped as much as 5.4% after it was revealed in July 2021 that some US states were ...