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

Class Action Lawsuit Update for Atkore Inc. Investors

Important Notice to Investors

On April 18, 2025, Levi & Korsinsky, LLP, a law firm renowned for its dedication to shareholder rights, announced a pending class action lawsuit involving Atkore Inc. This lawsuit claims securities fraud related to the company's operations over a significant period. Investors have until April 23, 2025, to assert their position as lead plaintiffs in this case.

Case Overview

The class action lawsuit targets investors who experienced financial losses due to alleged fraudulent activities conducted by Atkore Inc. during the period of August 2, 2022, to February 3, 2025. Specific allegations include engaging in a scheme that unlawfully inflated the prices of PVC Pipes through anti-competitive practices. As a result of these alleged activities, the company's stock performance and its overall business operations were adversely affected when the truth came to light.

Details of Allegations

The complaint outlines several key points:
1. Anti-competitive Price Fixing: The lawsuit posits that Atkore participated in a price-fixing scheme that artificially increased the prices of PVC Pipes, contributing to inflated profits for the company.
2. Unsustainable Financial Benefits: Atkore allegedly enjoyed considerable financial advantages from these illegal actions, which were not sustainable in the long term.
3. Exposure of the Scheme: As details of the price-fixing practices became public, the market reacted negatively, resulting in a sharp decline in PVC Pipe prices.
4. Negative Impact on Operations: The company's inability to uphold inflated prices led to significant challenges that undermined operations and overall business health.
5. Misleading Statements: Throughout the relevant time period, Atkore reportedly issued statements about its business prospects that lacked a reasonable basis, misguiding investors.

Next Steps for Investors

Investors who feel they have incurred losses during the aforementioned period are encouraged to act quickly. The deadline to apply as a lead plaintiff is April 23, 2025, but participation does not necessitate taking on this role to recover losses. Engaging with the lawsuit can potentially provide compensation for losses suffered, with no initial costs involved for participants.

Why Levi & Korsinsky?

Levi & Korsinsky has established a formidable reputation over two decades, achieving substantial recoveries for investors. The firm boasts a robust track record in complex securities litigation and consists of over 70 professionals committed to protecting shareholder rights. This expertise is reflected in its continued ranking among the top securities litigation firms in the United States.

Conclusion

Investors of Atkore Inc. need to stay informed about the ongoing class action lawsuit and the upcoming deadlines. If you were affected by the alleged fraud, consider reaching out to Levi & Korsinsky for more information and guidance on how to participate in this high-stakes legal endeavor.

For additional details or to inquire about participation, investors can contact Joseph E. Levi, Esq. at jlevi@zlk.com or via phone at (212) 363-7500.

Stay proactive and protect your rights as an investor!