StockNews.AI
ATKR
StockNews.AI
166 days

Class Action Announcement for Atkore Inc. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Atkore Inc. - Contact Kessler Topaz Meltzer & Check, LLP

1. A class action lawsuit has been filed against Atkore Inc. 2. Allegations include anticompetitive price-fixing of PVC pipes. 3. The lawsuit claims Atkore misled investors about financial conditions. 4. Lead plaintiff deadline for claims is April 23, 2025. 5. Investors are encouraged to seek representation for potential recovery.

5m saved
Insight
Article

FAQ

Why Very Bearish?

The allegations of price-fixing are serious, recalling historical cases like those involving major price-fixing scandals which resulted in significant stock drops. This may harm Atkore’s reputation and financial health.

How important is it?

The lawsuit's implications on financial statements and investor trust are profound. Severity of the allegations and deadlines signal a high likelihood of market impact.

Why Short Term?

Legal proceedings may lead to immediate market reactions. If proven, it could significantly affect stock prices and investor sentiment quickly.

Related Companies

PLYAAXONSHOO
RADNOR, Pa., March 6, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Atkore Inc. ("Atkore") (NYSE: ATKR) on behalf of those who purchased or otherwise acquired Atkore common stock between February 1, 2024, and February 3, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 23, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Atkore losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/atkore-inc?utm_source=PR&utm_medium=link&utm_campaign=atkr&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made false and 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 (both water pipes and electrical conduit pipes); (2) in turn, Atkore reaped significant, unsustainable financial benefits from its anticompetitive conduct; (3) as Atkore's price-fixing scheme was exposed, Atkore 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 of the foregoing, Defendants' positive statements about Atkore's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. THE LEAD PLAINTIFF PROCESS:Atkore investors may, no later than April 23, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Atkore investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/atkore-inc?utm_source=PR&utm_medium=link&utm_campaign=atkr&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world.  The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT:Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087[email protected] May be considered attorney advertising in certain jurisdictions.  Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP

Related News