ACCESS Newswire
14 Aug 2022, 05:19 GMT+10
NEW ORLEANS, LA / ACCESSWIRE / August 13, 2022 / Kahn Swick & Foti, LLC ('KSF') and KSF partner, the 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 (the 'Class Period'). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased ADRs of Unilever 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 ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-ul/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by August 15, 2022.
About the Lawsuit
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%.
The case is City of St. Clair Shores Police and Fire Retirement System v. Unilever PLC, et al., No. 22-cv-05011.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
SOURCE: Kahn Swick & Foti, LLC
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationSAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
Washington DC [US], July 4 (ANI): Actor Michael Madsen, who is known for his roles in Quentin Tarantino films including 'Kill Bill:...
Aluminum, copper and nickel shipments have surged this year, according to trade data Beijing has increased purchases of Russian metals...
By Reena Bhardwaj New York [US], June 29 (ANI): A prominent Hindu spiritual leader has been recognised by New York City officials...
BEIJING, June 28 (Xinhua) -- Here are the latest Chinese sports headlines from the past week: 1. China's Wang Xinyu finishes runner-up...
Elon Musk has threatened to launch a new party to undermine US President Donald Trump, following a falling out over a spending bill....
This will be a year of transition for Atlantas defensive line, and an important one. Will McFadden FLOWERY BRANCH, Ga. For the...