The investment moves state Treasurer Kimberly Yee announced this week were mandated by a 2019 state law that bars Arizona government agencies from holding investments or doing more than $100,000 in business with any firm that boycotts Israel or its territories.
Ben & Jerry's decision brought a strong reaction from Israel, which vowed to “act aggressively” in response to the move, including by urging U.S. governors to punish the company under anti-boycott laws. Arizona and 34 other states have laws against boycotts of Israel. “The Israeli American community is sensitive to it, because I would say more than other parts of the Jewish American community, we experienced the national origin aspect of antisemitism in a more pronounced way,” Sabag said Friday. “That's really why we're very proactive. It's our children who are being affected by this in the classrooms and are being made fearful and intimidated and to feel harassed. ... That's definitely what our community's interest is in the matter.
The anti-boycott laws face court challenges, as Arizona's did after it was first enacted in 2016. A Flagstaff lawyer who contracted to help defend jailed people sued on First Amendment grounds, arguing that the law violated his free speech rights. The ruling is not the last word: In June, 8th Circuit judges agreed to hear the case and vacated the three-judge panel's decision. They are set to hear arguments in the case later this month.Meanwhile in Arizona, Yee wrote to Unilever's investor relations department on Sept. 2 to tell the company that although Ben & Jerry's is run independently, Arizona law would require her to sell Unilever assets if the decision was not rescinded.
Source: News Formal (newsformal.com)
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