Reproductive Rights Prof Blog

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CUNY School of Law

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Thursday, April 3, 2014

Hobby Lobby's Retirement Plan Includes Investments in Companies That Make Abortion Drugs

The Washington Post:  Antiabortion company Hobby Lobby reportedly invests retirement funds in abortion drugs, by Gail Sullivan:

“Being Christians, we don’t pay for drugs that might cause abortions … something that is contrary to our most important beliefs. It goes against the biblical principles on which we have run this company since day one,”  Hobby Lobby founder David Green wrote in an article for USA Today.

Hobby Lobby is so committed to those principles that it’s gone to the U.S. Supreme Court to challenge a provision in the Affordable Care Act that it says requires it to provide access to insurance covering birth control for its employees, some forms of which it equates with abortion.

No wonder then, the glee emanating from some quarters Tuesday when Molly Redden of Mother Jones reported that the company’s retirement plan holds $73 million in mutual funds with investments in companies that make abortion drugs. . . .

http://lawprofessors.typepad.com/reproductive_rights/2014/04/hobby-lobbys-retirement-plan-includes-investments-in-companies-that-make-abortion-drugs.html

Abortion, Contraception, Religion and Reproductive Rights | Permalink

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