1. Class action lawsuit filed against Atkore for alleged securities fraud. 2. Claims include illegal price-fixing affecting PVC Pipes pricing. 3. Investors have until April 23, 2025, to join the lawsuit. 4. Allegations state Atkore misled investors about financial stability. 5. No cost to class members seeking recovery for losses.
The allegations of fraud and price-fixing can lead to a significant loss of investor confidence, similar to prior cases with major companies like Enron or Lehman Brothers where fraud exposure led to dramatic stock declines. Historically, companies facing class-action lawsuits due to fraud often see substantial decreases in share prices as investors preemptively sell off their stocks.
The seriousness of the allegations indicates a high potential for significant financial implications for Atkore and investor sentiment, elevating the impact of this news on ATKR's stock price.
The immediate reaction from investors due to news of litigation often results in a quick drop in stock prices. Past incidents show that news surrounding litigation usually leads to short-term volatility as the market digests the implications.
Levi & Korsinsky, LLP notifies investors in Atkore Inc. ("Atkore Inc." or the "Company") (NYSE: ATKR) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Atkore Inc. investors who were adversely affected by alleged securities fraud between February 1, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/atkore-inc-lawsuit-submission-form?prid=136554&wire=4
Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed 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 Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you suffered a loss in Atkore Inc. during the relevant time frame, you have until April 23, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP