Atkore (ATKR) Prnewswire·2025-03-04 10:45Core Viewpoint - Atkore Inc. is facing a class action securities lawsuit due to alleged securities fraud related to an anticompetitive price-fixing scheme involving PVC Pipes, which has negatively impacted the company's financial performance and operations [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the price of PVC Pipes [2]. - It is alleged that Atkore benefited financially from this conduct, but these benefits were unsustainable [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. - The positive statements made by the defendants regarding the company's business and prospects were deemed materially false and misleading [2]. Group 2: Legal Proceedings - Investors who suffered losses during the relevant period (February 1, 2024, to February 3, 2025) have until April 23, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4].