British American Tobacco p.l.c.
Exchange: NASDAQ
Ticker: BTI
Date of Filing: 01/25/2024
Court: Eastern District of New York
Filing Deadline

03/25/2024

TWERSKY LAW GROUP Notifies British American Tobacco p.l.c. (BTI) Investors of Class Action

British American Tobacco – Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against British American Tobacco p.l.c. (“British American Tobacco” or “the Company”) (NASDAQ: BTI) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that purchased or otherwise acquired British American Tobacco securities from February 9, 2023 through December 6, 2023 (the “Class Period”). Investors who acquired British American Tobacco securities during this defined timeframe are strongly encouraged to participate in this case by contacting atara@twerskylawgroup.com. The deadline to file a motion for appointment of lead plaintiff is March 25, 2024.

The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased British American Tobacco securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.

 

ALLEGATIONS AGAINST BRITISH AMERICAN TOBACCO

According to the lawsuit, 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.

 

ABOUT BRITISH AMERICAN TOBACCO

  • British American Tobacco plc (BAT) is a leading multinational tobacco company headquartered in London, United Kingdom. Established in 1902, the company has grown to become one of the world’s largest and most recognized tobacco producers. BAT operates in diverse markets, offering a broad portfolio of well-known brands, including Lucky Strike, Dunhill, and Rothmans. With a global presence spanning more than 180 countries, BAT is committed to providing a range of high-quality products to meet the diverse preferences of consumers. Beyond its focus on traditional tobacco products, BAT is actively engaged in developing innovative and reduced-risk alternatives, aligning with evolving consumer trends and regulatory changes in the tobacco industry. The company places a strong emphasis on corporate responsibility, sustainability, and ethical business practices, contributing to its reputation as a responsible player in the global tobacco market.

 

JOIN THIS CASE

It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those individuals who suffered financial losses in their investments in British American Tobacco during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire class. The deadline for submitting such a request is March 25, 2024. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.

Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.



DOCUMENTS


COMPLAINT

PLEASE READ THE COMPLAINT  DOCUMENT BEFORE SIGNING UP FOR THIS CASE.

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