State law prohibits investments in companies that refuse doing business with Israel

Illinois could become the first US state to divest from Unilever over the decision of its subsidiary Ben & Jerry's to stop ice cream sales in the West Bank.

The Israeli Boycott Restrictions Committee of the Illinois Investment Policy Board is planning to schedule a meeting to approve setting a 90-day deadline for Unilever to reverse the decision by the Vermont-based company, committee chairman Andy Lappin told the Associated Press.

If found non-compliant with state law against companies that boycott the Jewish state, then Unilever and Ben & Jerry's will face divestment. State-run pension systems are already looking at their portfolios for Unilever-related interests.... Read More: i24