20H·

Class action

$BATS (-2.42%)

Hello,

I have received a letter from Diba saying that I can join a class action against BAT.

What is it about?

Is it serious?

What do I have to do?

8 Comments

Dividendenopi👴@Dividendenopi

19H

How did you receive the letter? By email? Such important things are usually delivered to your personal mailbox. If there is a link in an email to join the class action, then it is a phishing email. Delete it!

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Marcus@Helleone

19H

@Dividendenopi The e-mail was in my Diba inbox. Without a link, but with an e-mail address to contact

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Marcus@Helleone

19H

@Dividendenopi see picture in the post

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Dividendenopi👴@Dividendenopi

19H

@Helleone ok, woodsford is a litigation funder. There are a few shareholders who have filed a lawsuit in London against BAT for illegal tobacco sales to North Korea. There was a US sanctions proceeding. This was formally terminated after a payment in the three-digit range. The aim here is probably to obtain compensation for share price losses. And the more people who participate, the more interesting it could be for the litigation funder if the case is successful, as they will be paid proportionately.

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Marcus@Helleone

18H

@Dividendenopi Thank you, does this make sense with around 100 shares or is it not worth the effort?

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Dividendenopi👴@Dividendenopi

18H

@Helleone I can't tell you that, I don't know the content of the lawsuit. As is so often the case in such cases, the claim is probably for damages due to price losses. It is then a matter of the performance that you may have lost over a period of time to be defined. In the case of your 100 shares, this is a manageable sum that does not do justice to the effort involved and the uncertain outcome over a potentially years-long process. And if you are successful, the litigation funder will also get its share. I have a few more shares in $BATS than you do and will not be joining the lawsuit under any circumstances

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Susanne M.@Jogilein

19H

I didn't get anything. I can't imagine that it makes sense

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Seba89@Seba89

19H

A colleague has also received such a letter from ING. It is probably about indirect support for North Korea. According to the USA, there is even talk of terrorist support. However, I do not know the exact incidents

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