Important Notice for Atkore Inc. Shareholders
Overview of the Class Action Lawsuit
On April 3, 2025, The Gross Law Firm released an announcement directed at investors of Atkore Inc. (NYSE: ATKR). The notification pertains to a pending class action lawsuit which affects shareholders who acquired shares during the specified class period from August 2, 2022, to February 3, 2025. The firm encourages those affected to reach out in order to potentially be appointed as lead plaintiffs in this significant case.
Allegations Against Atkore Inc.
The allegations in the lawsuit center on the claim that Atkore engaged in an antitrust scheme specifically related to price-fixing of PVC pipes. This purported misconduct allegedly led to artificially inflated pricing, which was later undermined when the scheme came to light. The complaint details five primary claims against Atkore:
1.
Price-Fixing Conduct: Atkore is accused of participating in an anti-competitive price-fixing agreement that led to inflated PVC pipe prices.
2.
Financial Gains from Misconduct: It is alleged that the company enjoyed considerable financial benefits from these illegal actions, which were unsustainable.
3.
Deterioration of Business Operations: Once the price-fixing tactics were revealed, the firm could no longer maintain inflated prices, resulting in a significant decline in prices across its products.
4.
Negative Impacts on Business: The aftermath of the exposure reportedly caused detrimental effects on Atkore's operations.
5.
False Representations: Finally, the complaint asserts that Atkore's leaders made misleading statements regarding the company's performance and prospects, which lacked factual support.
Important Deadlines
All current shareholders of Atkore Inc. should be aware of the approaching deadline to participate in this class action. The deadline to register as a lead plaintiff is set for
April 23, 2025. It is strongly advised for shareholders to act swiftly to ensure their rights and potential claims are preserved. Participation comes at no cost or obligation.
Next Steps for Shareholders
For shareholders looking to get involved, once you register your information, you'll be enrolled in a portfolio monitoring service. This service will provide consistent updates about the status and developments throughout the lifecycle of the class action case. This is an opportunity to stay informed and take necessary action effectively.
Why Choose The Gross Law Firm?
The Gross Law Firm is renowned across the nation for its class action work, dedicated to defending the rights of investors who have suffered due to deceitful, fraudulent, or illegal practices by companies. Their commitment extends beyond mere legal representation, emphasizing the importance of ethical business behavior and corporate responsibility. They tirelessly seek recovery for those investors whose financial standings were compromised as a result of corporate misrepresentation.
Contact Information
Should you have any questions or require more information, reach out to The Gross Law Firm:
- - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
- - Email: [email protected]
- - Phone: (646) 453-8903
Please ensure to stay updated regarding this significant class action regarding Atkore Inc. and take the necessary steps to secure your rights as a shareholder. Act promptly to ensure you are included in any recovery should the class action succeed.