Case Summary

British American Tobacco

NYSE: BTI

Case Details

  • David v. British American Tobacco p.l.c et al.
  • Class Period:February 9, 2023 - December 06, 2023
  • Date Filed:January 24, 2024
  • Jurisdiction:U.S. District Court, Eastern District of New York
  • Docket Number: 1:24-cv-00517
  • Lead Plaintiff Deadline: March 25, 2024
Days Left to
Seek Plaintiff
33

Overview

A class action lawsuit has been filed against British American Tobacco p.l.c. (“BAT” or the “Company”) (NYSE: BTI) and certain of the Company’s current and former senior executive officers alleging violations of the Securities Exchange Act of 1934. The lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired, publicly traded BAT securities between February 9, 2023, and December 6, 2023, both dates inclusive, (the “Class Period”) and investors have until March 25, 2024, to seek appointment as lead plaintiff of the British American Tobacco class action lawsuit.

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. BAT refers to itself in its filings as the “Group”.

The lawsuit alleges that 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.

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If you purchased or otherwise acquired publicly traded BAT (NYSE: BTI) securities between February 9, 2023, and December 6, 2023, both dates inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the British American Tobacco lawsuit is March 25, 2024.

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