British American Tobacco Faces Multiple Class Action Lawsuits

Investors allege misleading statements and undisclosed risks led to significant losses.

Multiple law firms have filed class action lawsuits against British American Tobacco (BAT) for alleged securities fraud.
Investors claim BAT made false and/or misleading statements regarding the risks to its Premium American Cigarette Brands.
The class action suits cover the period between February 9, 2023, and December 6, 2023.
BAT disclosed a $31.5 billion impairment charge on December 6, 2023, causing its stock price to drop significantly.
Investors have until March 25, 2024, to file a lead plaintiff motion in the class action lawsuits.