#United States #Kessler Topaz #Securities Fraud #Radnor #Atkore Inc.

Class Action Lawsuit Filed Against Atkore Inc.

On March 1, 2025, Kessler Topaz Meltzer & Check, LLP announced the initiation of a class action lawsuit against Atkore Inc. (NYSE: ATKR). This legal action is a response to alleged securities fraud related to the company’s financial practices within a specific time frame. Investors who purchased or acquired Atkore's common stock between February 1, 2024, and February 3, 2025, are eligible to potentially participate in this case, with the deadline for lead plaintiffs approaching on April 23, 2025.

Allegations of Anticompetitive Behavior

The lawsuit centers around claims that Atkore engaged in a price-fixing scheme that manipulated the market by artificially inflating the prices of PVC pipes, including those used for water and electrical conduits. According to the complaint, the defendants’ actions significantly benefitted Atkore financially, but these gains were not based on sustainable or legitimate business practices. As the fraudulent scheme began to unravel, the defendants could no longer maintain the inflated pricing, leading to a considerable drop in PVC prices and adversely affecting Atkore’s operations and reputation.

The official allegations include:
1. False and Misleading Statements: Throughout the class period, Atkore allegedly made various statements to investors that were misleading regarding the company’s performance and financial health.
2. Financial Impact: As the price-fixing scheme was unveiled, it resulted in negative ramifications for Atkore, diverging from the previously positive portrayal of the company’s financial situation.
3. Investor Interests: The claim highlights that investors were misled about the stability and profitability of Atkore’s business operations, which consequently impacted their investment decisions.

The Role and Process for Lead Plaintiffs

Investors interested in serving as lead plaintiffs may do so until April 23, 2025. The lead plaintiff serves as a representative for the group, guiding the litigation process against Atkore while selecting legal counsel. Typically, the lead plaintiff is an individual or a small group of investors who have the most significant financial stake in the case, reflecting the interests of the wider class.

Those who prefer not to be lead plaintiffs can still remain part of the class without having to take an active role in the litigation process. It is crucial for affected investors to be aware that regardless of their participation in designated leadership roles, their eligibility for any recovery will not be compromised.

Get Involved

Investors affected by Atkore’s alleged misconduct are strongly encouraged to reach out to Kessler Topaz Meltzer & Check, LLP for further information. The firm emphasizes the importance of grassroots participation in these legal proceedings, which are designed to hold companies accountable for fraudulent activities.

For more details or to sign up for the class action, you can visit this link or contact attorney Jonathan Naji directly at (484) 270-1453 or via email at [email protected].

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check, LLP is a well-regarded law firm specializing in class actions around the United States. Known for its commitment to protecting the rights of consumers and investors, it has successfully represented clients in various cases involving corporate fraud, mismanagement, and violations of securities laws. With a track record that spans years, the firm continues to advocate for justice on behalf of those affected by corporate wrongdoing.

In conclusion, the Atkore class action lawsuit shines a light on the persistent issues of corporate misconduct in the business landscape and serves as a reminder for investors to remain vigilant and informed. Those affected are urged to act swiftly and join the legal fight for accountability.