#USA #New York #Securities Fraud #Levi Korsinsky #Atkore Inc.

Recent Action on Behalf of Atkore Inc. Investors

An emerging class action lawsuit has been filed against Atkore Inc., a noted company traded on the NYSE. This development, notified by Levi & Korsinsky, LLP, addresses claims regarding alleged securities fraud that occurred between August 2, 2022, and February 3, 2025. Investors are reminded that they may have a legal standing to seek compensation for losses incurred due to the alleged misconduct of the company, which concerns its pricing strategies involving PVC pipes.

Understanding the Allegations

The lawsuit raises serious concerns, alleging that Atkore engaged in an anticompetitive price-fixing scheme that artificially raised the prices of PVC pipes, negatively impacting investors as the prices subsequently plunged following the exposure of these tactics. As the company's illicit pricing practices came to light, it became evident that Atkore's claims about its business health and operational status were misleading.

Key Accusations Include:

1. Unlawful Pricing Practices: The defendants purportedly participated in actions designed to manipulate market prices, violating principles of fair competition.
2. False Representations: It is alleged that Atkore made statements that created a false perception of its financial health, which facing scrutiny proved to be unfounded.
3. Impact on Stock Value: As the truth emerged, Atkore's stock value was adversely affected, causing financial losses for its shareholders that are now the focus of legal recourse.

Call to Action for Investors

Investors who experienced losses during the specified period are urged to seek the court's permission to act as lead plaintiffs in this class action by April 23, 2025. However, it is important to note that participation in the lawsuit and any subsequent compensation does not hinge on the individual serving as a lead plaintiff.

How Levi & Korsinsky Can Assist

Levi & Korsinsky's seasoned team of attorneys has a robust history of successfully representing investors in complex securities litigation. With more than 20 years of experience, the firm has procured significant settlements for harmed shareholders, consolidating its reputation as a leader in this field. Notably, the firm has been recognized multiple times in the Top 50 Report by ISS Securities Class Action Services, underscoring its effectiveness in high-stakes litigations.

No Financial Risk

For those who qualify as class members, there are no upfront costs or fees associated with joining this class action lawsuit. The firm operates on a contingency fee basis, ensuring that investors are not burdened by out-of-pocket expenses while pursuing justice.

Steps for Interested Investors

1. Visit the Firm's Website: Interested parties can gather more details about the lawsuit and gather the submission form from Levi & Korsinsky.
2. Direct Contact: Alternatively, investors may reach out to Joseph E. Levi, Esq., via email at [email protected] or by calling (212) 363-7500 for personal assistance and guidance.

Summary

As developments unfold in this ongoing case, affected shareholders of Atkore Inc. are strongly encouraged to take proactive steps in light of the serious allegations against the company. While the journey towards recovery may seem daunting, with the expertise of Levi & Korsinsky, investors can navigate the complexities of the legal landscape and potentially secure the compensation they deserve.