LONDON, March 23 (Reuters) - The Ben & Jerry's
Foundation, a non-profit funded by the ice cream brand, said on
Monday it had won a court ruling to join a lawsuit challenging
its ultimate parent company, The Magnum Ice Cream Company
, over contractual obligations and independence.
Unilever ( UL ) retains a 19.9% stake in Magnum, which formed
when the consumer goods conglomerate spun off its ice cream unit
in December.
Directors from the independent board of Ben & Jerry's ( UL ), now
owned by Magnum, have challenged the company's plans to appoint
new directors and accused it of corporate overreach.
Since 2024, Vermont-based Ben & Jerry's ( UL ) and its independent
board have fought Unilever ( UL ), and now Magnum, in a U.S. District
Court in New York over what they say are efforts to undermine
the brand's social mission and the board's autonomy.
* The foundation said it decided to join the lawsuit after
Magnum stopped providing it with funding and described the
court's ruling as an important step in ensuring the foundation
can defend its independence.
* "This is about more than a contract, it's about whether a
corporation can weaponise a governance structure and withhold
funding when prior commitments and values become inconvenient,"
President of the Ben & Jerry's Foundation Board of Trustees Liz
Bankowski said in a statement.
* Magnum said it was fully committed to Ben & Jerry's ( UL ),
including continuing to fund the foundation.
* "The recent steps to update Ben & Jerry's ( UL ) corporate
governance are wholly aligned with the merger agreement and
standard corporate governance across the organisation; nothing
more than that," Magnum said in a statement. "Suggesting our
actions are anything more is just not true; they are not and
never have been."
* The Ben & Jerry's Foundation, set up in 1985, uses
contributions from Ben & Jerry's ( UL ) to make donations to other
non-profit organisations focused on issues ranging from racial
equity to environmental protection.