NEW YORK, NY / ACCESSWIRE / December 7, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of British American Tobacco p.l.c. ("BAT" or "the Company") (NYSE:BTI). Investors who purchased BAT securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/bti.

The investigation concerns whether BAT has violated federal securities laws.

Investigation Details:

On December 6, 2023, BAT 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. On this news, BAT's stock price fell sharply during intraday trading on December 6, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased BAT securities, you can assist this investigation by visiting the firm's site: bgandg.com/bti. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

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Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC