1. Gross Law Firm announces a class action against Atkore Inc. 2. Claims include anticompetitive price-fixing of PVC Pipes by Atkore. 3. Financial benefits from alleged misconduct are deemed unsustainable. 4. Exposure of practices led to significant operational impacts on Atkore. 5. Shareholder registration for the lead plaintiff is open until April 23, 2025.
The allegations of price-fixing can lead to legal penalties and loss of market trust, impacting ATKR's stock price negatively, similar to past cases in other companies where similar legal issues resulted in dramatic stock declines.
The ongoing nature of the lawsuit and its implications on Atkore's business practices signal a significant risk to investors, likely affecting market perceptions and operational viability.
Legal issues tend to affect stock prices immediately as investors react to news, similar to how stocks drop sharply during the announcement phase of class actions.
The Gross Law Firm issues the following notice to shareholders of Atkore Inc. (NYSE: ATKR).
Shareholders who purchased shares of ATKR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
February 1, 2024 to February 3, 2025
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes; (2) Atkore reaped significant, unsustainable financial benefits from its anticompetitive conduct; (3) as Atkore's price-fixing scheme was exposed, the Company and its price-fixing co-conspirators were no longer able to artificially inflate the price of PVC Pipes, resulting in a substantial decrease in the price of PVC Pipes; (4) Atkore's business and operations were negatively impacted; and (5) as a result, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
April 23, 2025. Shareholders should not delay in registering for this class action. Register your information here: Link to Register
Once you register as a shareholder who purchased shares of ATKR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 23, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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The Gross Law Firm