#United States #New York #Securities Fraud #Rosen Law Firm #Atkore Inc

Overview

The Rosen Law Firm has announced opportunities for investors of Atkore Inc. to lead a class action lawsuit over alleged securities fraud. This is a significant development for shareholders who purchased common stock from February 1, 2024, through February 3, 2025. The firm emphasizes an important deadline of April 23, 2025, for those wishing to be the lead plaintiff in the case.

Important Dates and Actions

If you have purchased Atkore shares during the specified class period, you may have grounds for compensation without incurring out-of-pocket costs through the firm’s contingency fee arrangement. To participate in the class action, shareholders can register at Rosen Legal or contact Phillip Kim, Esq. directly at 866-767-3653.

Background of the Case

The allegations arise from assertions that Atkore engaged in an illegal price-fixing scheme related to PVC pipes, which artificially inflated prices and caused significant financial ramifications once the scheme collapsed. The lawsuit outlines multiple misleading statements made by Atkore, suggesting that its business practices were solid, while in reality, they were detrimental.

Key Points of the Allegations

1. Price-Fixing Scheme: Atkore is accused of managing an anti-competitive scheme to inflate PVC pipe prices, leading to unsustainable financial gains.
2. Deceptive Practices: The defendants allegedly misled investors about the robustness of Atkore’s financial health amidst these illegal actions.
3. Impact of Revealed Truth: Once these fraudulent practices were disclosed, Atkore faced severe operational impacts, leading to a drop in PVC pipe pricing and, consequently, a decline in its stock price, causing financial losses for investors.

Next Steps for Investors

Interested parties must act quickly to file with the Rosen Law Firm by the lead plaintiff deadline. A lead plaintiff is an essential representative for other class members during the legal proceedings. Prospective lead plaintiffs must file a motion with the court by April 23, 2025. However, if you prefer not to take on this role, you can also choose to remain an absent member of the class, although your eligibility for recovery won’t hinge on doing so.

Choosing the Right Counsel

The Rosen Law Firm highlights the importance of selecting qualified legal counsel. Investors should be cautious of law firms that may lack experience and recognition in the securities class action arena. The Rosen Law Firm prides itself on its significant record of settlements in similar cases, asserting that its experience provides the best footing for potential litigants. Their track record includes a historic settlement for a Chinese company's fraud case, underscoring their qualified standing in this specialized field.

Conclusion

Investors of Atkore Inc. are urged to take prompt action to ensure their rights are protected during this ongoing legal matter. Given the complexities involved in securities litigation, relying on experienced counsel like the Rosen Law Firm can pave the way for potential recoveries in instances of corporate misconduct. Stay informed about updates and legal developments regarding this case through the firm's social media channels.

Contact Information:
For further inquiries, contact the Rosen Law Firm at:

• - Address: 275 Madison Avenue, 40th Floor, New York, NY 10016
• - Phone: (212) 686-1060 or toll-free at (866) 767-3653
• - Email: info@rosenlegal.com

Stay vigilant and proactive to secure your rights as an investor in this evolving case.