British American Tobacco plc

Ticker: BTI

Class Period Start: 02/09/2023

Class Period End: 12/06/2023

Registration Deadline: 03/25/2024

A securities class action has been filed in the USDC E.D.N.Y. against British American Tobacco P.L.C. (BTI) (“BAT” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired BAT securities between February 9, 2023 and December 6, 2023, both dates inclusive (the “Class Period”).

 

Defendant BAT is a multi-national tobacco company that sells cigarettes (which the Company refers to in its filings as “combustibles” or “sticks”, for individual cigarettes) and other tobacco-related products, such as vaping products, chewing tobacco, snus, and heated tobacco products.

 

The complaint alleges, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that:

(1)  British American Tobacco materially understated the risks and potential likelihood of an impairment to its Premium American Cigarette Brands as a result of longstanding headwinds and;

(2) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

 

If you purchased BAT securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

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