American Tobacco Faces Securities Fraud Lawsuits

Investors allege the company significantly understated risks to its premium American cigarette brands, leading to financial losses.

Investors who suffered losses exceeding $100,000 between February 9, 2023, and December 6, 2023, are encouraged to discuss their legal rights.
Faruqi & Faruqi, LLP, along with other law firms, is investigating potential claims against British American Tobacco for securities fraud.
The lawsuits claim the company made false statements and failed to disclose risks, resulting in an impairment charge of around £25bn.
British American Tobacco's American Depositary Receipts (ADRs) fell by $2.68 per ADR, or 8.49%, following the announcement.
The deadline to seek the role of lead plaintiff in the federal securities class action is March 25, 2024.