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Case Status:    DISMISSED    
On or around 08/01/2017 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: June 16, 2017

According to the Complaint, on January 16, 2017, the Board caused the Company to enter into an agreement and plan of merger, which was subsequently amended on June 8, 2017 (“Merger Agreement”). Pursuant to the Merger Agreement, the Company’s shareholders stand to receive a number of BAT American Depositary Shares (“BAT ADSs”) representing 0.5260 of a BAT ordinary share, in addition to $29.44 in cash for each share of RAI stock they own (the “Merger Consideration”), resulting in an approximate total value of $49 billion (the “Proposed Merger”).

The Complaint alleges that on June 14, 2017, in order to convince RAI shareholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Definitive Proxy Statement (the “Proxy”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.

Pursuant to a Stipulation by the parties, this case was ordered dismissed on August 1, 2017.


Sector: Consumer Non-Cyclical
Industry: Tobacco
Headquarters: United States


Ticker Symbol: RAI
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: M.D. North Carolina
DOCKET #: 17-CV-00547
DATE FILED: 06/16/2017
CLASS PERIOD END: 06/16/2017
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. Ward Black Law
    208 W. Wendover Avenue, Ward Black Law, NC 27401
    336.333.2244 336.379.9415 ·
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