Investors who lost Money with shares of British American Tobacco p.l.c. (NYSE: BTI) should contact the Shareholders Foundation with pending Lawsuit

An investor, who purchased shares of British American Tobacco p.l.c. (NYSE: BTI), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by British American Tobacco p.l.c. in connection with certain allegedly false and misleading statements.

Investors, who purchased a significant amount of shares of British American Tobacco p.l.c. (NYSE: BTI) between February 9, 2023 and December 6, 2023, have certain options and for certain investors are short and strict deadlines running. Deadline: March 25, 2024. NYSE: BTI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

London based British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. On December 6, 2023, British American Tobacco p.l.c announced that the Company would take an impairment charge of approximately $31.5 billion after reassessing the value of certain of the Company's U.S. cigarette brands. The Company stated that its U.S. business was affected by inflation-weary customers downgrading to cheaper brands and that it would start amortizing the remaining value of its U.S. brands in 2024.

Shares of British American Tobacco p.l.c. (NYSE: BTI) declined from $38.83 per share in February 2023 to $28.35 per share during December 06, 2023.

The plaintiff claims that between February 9, 2023 and December 6, 2023, the defendants 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.

Those who purchased shares of British American Tobacco p.l.c. (NYSE: BTI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.