Unilever (UL) said that former Ben & Jerry's CEO Dave Stever resigned of his own accord despite better role, and asked a federal court to dismiss the lawsuit, Reuters reported Friday, citing a company statement.
Ben & Jerry's sued Unilever in the US District Court for the Southern District of New York, alleging the company suppressed its political activism, including criticism of war in Gaza and US President Donald Trump.
Unilever reportedly said the lawsuit stems from actions by Ben & Jerry's Chair Anuradha Mittal, who it claims harmed the company's reputation and strained investor confidence. Unilever further accused Mittal of leaking private employment negotiations to the media, Reuters added.
Unilever and Ben & Jerry's did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.