#United States #New York #Class Action #Levi & Korsinsky #Atkore Inc.

Class Action Lawsuit Against Atkore Inc.

Overview

A class action lawsuit has been initiated against Atkore Inc., a leading provider of electrical, mechanical, and plumbing products, by the law firm Levi & Korsinsky, LLP. The firm is notifying investors about the lawsuit, which relates to alleged securities fraud affecting shareholders during a specified period. Investors who experienced losses between February 1, 2024, and February 3, 2025, due to these allegations are encouraged to participate in the action.

Background of the Lawsuit

The lawsuit claims that Atkore engaged in an anticompetitive price-fixing scheme that led to the artificial inflation of PVC pipe prices. As the scheme became public, Atkore’s financial situation and operations were negatively impacted, leading to a significant price drop of PVC pipes. This situation allegedly misled investors about the company’s business outlook, as positive statements made by the company were said to be false or lacked reasonable basis.

Key allegations include:
1. Collusion to fix prices, resulting in inflated costs for PVC pipes.
2. Atkore benefitting financially from these illicit practices, leading to unsustainable financial gains.
3. Once exposed, the company and its conspirators could no longer maintain the inflated prices, leading to a sharp decline in value and impacting operations.

Important Dates and Participation

Investors who believe they have suffered financial losses due to these practices need to be aware of the approaching deadline. They must act by April 23, 2025, to apply for lead plaintiff status. Even if they do not become lead plaintiffs, eligible participants can still claim compensation without any personal fees or obligations.

Cost-Free Participation

Participation in the lawsuit does not require any upfront costs from the investors. As members of the class action, they may be eligible for compensation without any out-of-pocket expenses.

Why Levi & Korsinsky?

Levi & Korsinsky has built a reputation over the past two decades, securing significant recovery for impacted shareholders and specializing in complex securities litigation. The firm has over 70 staff members dedicated to assisting clients and has consistently ranked among the best in the industry, making it a proven ally for investors seeking justice.

Contact Information

For further information or inquiries regarding the lawsuit, investors are encouraged to reach out to Levi & Korsinsky directly. Contact details are as follows:

• - Joseph E. Levi, Esq.
• - Email: jlevi@zlk.com
• - Phone: (212) 363-7500

Potential claimants can access additional resources and the submission form through Levi & Korsinsky’s website for a clearer understanding of the lawsuit and its implications.

In conclusion, this lawsuit against Atkore Inc. highlights significant legal concerns impacting the company's investors. As the case unfolds, affected shareholders must stay informed and act within the outlined timeline to protect their rights and interests.