#United States #New York #Class Action #Gross Law Firm #Atkore Inc

Overview of the Class Action Against Atkore Inc.

On March 24, 2025, the Gross Law Firm made headlines by announcing a class action lawsuit on behalf of shareholders of Atkore Inc. (NYSE: ATKR). The firm is urging individuals who acquired shares during the class period, specifically between August 2, 2022, and February 3, 2025, to reach out about registering for potential lead plaintiff positions. This legal move stems from serious allegations related to price manipulation in the PVC pipe market,

Allegations of Price-Fixing

According to the lawsuit, Atkore is accused of participating in an anticompetitive price-fixing scheme that artificially inflated the market price of PVC pipes. The allegations suggest that the company benefitted considerably from this misconduct, leading to inflated profits that were not sustainable. As the accusations surrounding the price-fixing became public, Atkore and its alleged conspirators could no longer maintain these inflated prices, causing a dramatic decline in PVC pipe prices and negatively impacting the company’s operations.

The complaint maintains that the defendants made several materially misleading statements to shareholders about the company's performance and business prospects, which lacked a solid factual basis. This series of misrepresented statements by Atkore led to substantial investor losses when the realities were eventually unveiled.

Important Dates and Steps for Shareholders

Shareholders are urged not to hesitate in registering for this class action. The deadline for registering as a potential lead plaintiff is April 23, 2025. Individuals interested can do so by submitting their information through the legal firm’s dedicated platform.

Once registered, shareholders will gain access to a portfolio monitoring software designed to provide updates throughout the progression of the case. Notably, participation will not incur any costs or obligations for the plaintiffs.

Why Choose Gross Law Firm?

The Gross Law Firm is distinguished as a nationally recognized entity in class action lawsuits. With a commitment to protecting investors who have suffered due to fraudulent and unlawful business practices, the firm focuses on holding companies accountable to ethical practices. They aim to secure recoveries for investors who have incurred losses because of deceptive corporate disclosures that led to the inflation of stock prices. This case against Atkore exemplifies their dedication to investor rights.

Conclusion

This securities class action highlights the complexities and risks associated with investing in corporate stocks, especially where allegations of misconduct arise. Shareholders of Atkore Inc. should consider their position seriously and may benefit from employee guidance through such trying legal matters. The Gross Law Firm stands prepared to represent and support those who have felt the adverse financial impacts of corporate misdeeds.

For more information, shareholders can contact the Gross Law Firm directly via phone at (646) 453-8903 or visit their website for more details regarding the ongoing proceedings.