LOS ANGELES, CA / ACCESSWIRE / June 23, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Unilever PLC ("Unilever" or "the Company") (NYSE:UL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between September 2, 2020 and July 21, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before August 15, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Unilever failed to disclose the fact that in July 2020, the board of Ben & Jerry's, a Unilever subsidiary, passed a resolution to end the sales of its ice cream in what it labeled "Occupied Palestinian Territory." The Company also failed to disclose the risks associated with this decision to investors. The Company claimed to comply with all applicable laws and regulations, but failed to discuss the Ben & Jerry's decision, which risked violations of laws,executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states ("Anti-BDS Legislation"). Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Unilever, investors suffered damages.
Join the case to recover your losses.
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SOURCE: The Schall Law Firm