Levi & Korsinsky Alerts Investors About Atkore Inc. Lawsuit Class Action Deadline

Levi & Korsinsky, LLP has issued a crucial reminder to shareholders of Atkore Inc. (NYSE: ATKR) regarding a class action securities lawsuit that may involve significant financial repercussions for affected investors. The deadline for establishing a lead plaintiff in this lawsuit is set for April 23, 2025. This notice is particularly pertinent for those who may have suffered losses as a result of alleged securities fraud that occurred between August 2, 2022, and February 3, 2025.

Background on the Lawsuit

The class action lawsuit asserts that Atkore Inc. was involved in deceptive practices concerning its financial claims and competitive strategies. Specifically, the suit alleges that the company engaged in an anticompetitive price-fixing scheme that resulted in an artificially inflated price of PVC Pipes, benefiting the company in the short term but ultimately leaving shareholders at a disadvantage once the scheme was uncovered.

Key Allegations

1. Atkore engaged in practices aimed at price manipulation, severely impacting market integrity.
2. The company allegedly enjoyed unsustainable financial gains from such fraudulent activities.
3. Upon the exposure of this scheme, the company was unable to maintain inflated prices, resulting in significant loss in the value of PVC Pipes, which directly affected Atkore’s operations.
4. Statements made by Atkore’s leadership regarding its business prospects proved to be misleading and lacked a solid foundation.

Actions for Investors

Investors who suffered losses during the specified period are encouraged to act swiftly. While filing to become a lead plaintiff is essential by the upcoming deadline, it’s essential to note that participants in the class action do not necessarily need to serve in this role to receive compensation. Everyone who fits the criteria is eligible for benefits without incurring any out-of-pocket fees or costs.

Contact for Further Information

Those interested in learning more about their rights under this class action are advised to reach out to Levi & Korsinsky. You can contact attorney Joseph E. Levi at (212) 363-7500 or email him at [email protected]. Detailed information about the lawsuit can also be accessed via their official website.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a notable track record in protecting shareholder interests, having secured hundreds of millions in settlements for investors over the past two decades. Their reputation as a competitive securities litigation firm is evident, ranked amongst the top in the industry. With a dedicated team of over 70 professionals, they are well-equipped to navigate the complexities of class action lawsuits.

Conclusion

The upcoming April 23, 2025 deadline serves as a critical juncture for Atkore Inc. investors. This class action lawsuit presents a vital opportunity for affected shareholders to seek recompense for their losses amidst the ongoing allegations of fraud. Investors are strongly encouraged to familiarize themselves with the details and consider taking action promptly to protect their financial interests.