British American Tobacco p.l.c. Faces Fresh UK Shareholder Lawsuit Over North Korea Sanctions Fallout
British American Tobacco faces a London High Court lawsuit from over 100 shareholders alleging it failed to disclose breaches of U.S. sanctions tied to its North Korea business. The suit follows BAT’s $635.2 million U.S. settlement in 2023 over tobacco sales to North Korea. BAT said it cannot comment due to a prior U.S. agreement. The claim’s value has not been disclosed.