Legal News

Hobby Lobby Mutual Funds Invest in Manufacturers of Abortion Drugs
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Hobby Lobby, a Christian-owned craft chain, was offended by being required to offer emergency contraceptives and intrauterine devices in the health insurance plans they offer employees. The store was so upset that it sued the Obama administration and the case went to the Supreme Court. Now, this story has taken an interesting turn, according to The Huffington Post.

It was reported by Mother Jones on Tuesday that Hobby Lobby has invested millions of dollars in the manufacturing companies of emergency contraception and drugs used for abortions.

  
What
Where


The 401(k) retirement plans at Hobby Lobby hold $73 million in mutual funds. These mutual funds invest in quite a few pharmaceutical companies that manufacture contraceptive pills, abortion-inducing medications and intrauterine devices.

The companies receiving investments from Hobby Lobby include Teva Pharmaceutical Industries and ParaGard. Teva makes the Plan B morning-after pill. ParaGard makes a copper IUD. Hobby Lobby also invests in Pfizer, the manufacturer of Cytotec and Prostin E2, which are drugs that induce abortion. The mutual funds from Hobby Lobby also invest in two health insurance companies that cover abortion drugs, surgical abortions and emergency contraception in the policies they offer.

The attorneys for Hobby Lobby claim that the provision in the Affordable Care Act for employers to offer contraception in their health plans is an infringement on the company’s right to exercise their religious freedom. The company believes that emergency contraception and IUDs are forms of abortion.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Looking for health care jobs? Click here.





 

RELEVANT JOBS

Associate - Education Law

USA-PA-Philadelphia

Education/School Law Attorney  Boutique firm located in Center City, Philadelphia, is seekin...

Apply now

Associate, NonProfit Corporation and Business Enterprise Practice Group

USA-PA-Philadelphia

Nonprofits and Business Enterprises Associate Job Description Sand & Saidel, P.C. is looking for ...

Apply now

Litigation Attorney

USA-CA-Los Angeles

Excellent opportunity for a full-time, experienced litigation attorney (minimum 5 years) to join our...

Apply now

ADA Compliance Officer

USA-CA-Los Angeles

The Personnel Commission of the Los Angeles Community College District (LACCD) is currently recruiti...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-LA-New Orleans

New Orleans office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 1-2 ye...

Apply Now

Litigation Attorney

USA-IL-Chicago

Chicago office of our client seeks attorney with 4-10 years of litigation experience. The candidate ...

Apply Now

Litigation Associate Attorney

USA-NV-Las Vegas

Las Vegas office of our client seeks litigation associate attorney with preferably 3+ years of exper...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top