A lawsuit over Unilever’s sale of its Israel-based Ben & Jerry’s enterprise to a licensee has been settled, based on Unilever.
Phrases of the settlement had been confidential, the CPG large mentioned in an electronic mail.
“Unilever is happy to announce that the litigation with Ben & Jerry’s Unbiased Board has been resolved,” the corporate said in a statement.
Attorneys for Ben & Jerry’s didn’t reply to requests for remark and extra info.
Ben & Jerry’s filed the lawsuit in federal court in July. The ice cream model, which Unilever acquired in 2000, mentioned the bigger firm’s resolution to divest its Israel enterprise “was made with out the consent of Ben & Jerry’s Unbiased Board of Administrators, the entity contractually empowered with defending Ben & Jerry’s model.”
The lawsuit says the preliminary merger settlement stipulated Unilever would seek the advice of with the ice cream model’s board for choices like this one.
Ben & Jerry’s filed for an injunction to cease Unilever from violating the phrases of its merger and shareholders settlement “to protect the established order and shield the model and social integrity Ben & Jerry’s has spent many years constructing.”
The choice stemmed from Ben & Jerry’s 2021 announcement that it might now not enable its ice cream to be offered within the West Financial institution as a result of it was “inconsistent with our values for our product to be current inside an internationally recognised unlawful occupation.”
The model mentioned it might not renew its license settlement with Israeli producer and distributor American High quality Merchandise when it was set to run out on the finish of 2022, however would “stay in Israel by way of a unique enterprise association.”
This summer season, Unilever announced it would sell its Ben & Jerry’s enterprise pursuits in Israel to AQP proprietor Avi Zinger. By means of the association, Ben & Jerry’s could be offered by its Hebrew and Arabic names below full possession of AQP.
On the time, Unilever responded in media reports that the corporate had the best to enter into the association and that the deal had already closed.
In August, U.S. District Decide Andrew Carter denied Ben & Jerry’s request for an injunction, ruling “purported hurt is just too speculative to represent irreparable hurt.”
A month later, Ben & Jerry’s amended its lawsuit, with firm co-founder Ben Cohen arguing in an MSNBC interview that Unilever “usurped their authority” by going towards the desires of Ben & Jerry’s unbiased board by divesting the enterprise.