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Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. While Ben & Jerry's board oversees its social mission, Unilever retained authority over financial and operational decisions when it bought the ice cream company in 2000. Founded in 1978, Ben & Jerry's has long positioned itself as socially conscious. It said in July 2021 that selling ice cream in the occupied Palestinian territories was "inconsistent with our values." In 2022, Unilever sold its interest in Ben & Jerry's operations in Israel.
Persons: Jerry's, Andrew Kelly, Lorna Schofield, Schofield, Ben, Jody Godoy, Jonathan Stempel, Cynthia Osterman Organizations: Unilever, REUTERS, Unilever Plc, Ben, West Bank, District, Unilever American, Clair Shores Police, Court, Southern District of, Thomson Locations: Manhattan , New York City, U.S, Manhattan, Palestinian, Michigan, East Jerusalem, St, Clair Shores, Israel, The Vermont, Southern District, Southern District of New York, New York
Register now for FREE unlimited access to Reuters.com RegisterThe logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. REUTERS/Arnd WiegmannNEW YORK, Sept 16 (Reuters) - Credit Suisse Group AG (CSGN.S) reached a $32.5 million settlement to resolve a lawsuit accusing the Swiss bank of misleading shareholders about how well it managed risk, including its exposure to "high-risk" clients such as Archegos Capital Management. Credit Suisse has dubbed 2022 a "transition" year as it reduces risk-taking, and installed restructuring expert Ulrich Koerner as chief executive. The case is City of St. Clair Shores Police & Fire Retirement System v Credit Suisse Group AG, U.S. District Court, Southern District of New York, No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel in New York; Editing by Daniel Wallis and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
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