Core Viewpoint - Atkore Inc. is facing allegations of engaging in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes, leading to significant financial benefits that were unsustainable [1] Summary by Sections Allegations - The complaint against Atkore claims that during the class period from February 1, 2024, to February 3, 2025, the company made materially false and misleading statements [1] - Specific allegations include: 1. Atkore's involvement in a price-fixing scheme for PVC Pipes [1] 2. The company benefitted financially from this conduct [1] 3. The exposure of the scheme led to a substantial decrease in PVC Pipe prices [1] 4. Atkore's business operations were negatively impacted as a result [1] 5. Positive statements made by the company regarding its business and prospects were misleading [1] Next Steps for Shareholders - Shareholders who purchased shares of Atkore during the specified timeframe are encouraged to register for the class action by April 23, 2025 [2] - Registration allows shareholders to receive updates on the case through portfolio monitoring software [2] Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]
Investors who lost money on Atkore Inc.(ATKR) should contact The Gross Law Firm about pending Class Action - ATKR