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

Core Viewpoint - A securities class action lawsuit has been filed against Atkore Inc. for alleged anticompetitive practices related to price-fixing of PVC pipes, impacting the company's financial performance and misleading investors [1][3]. Group 1: Allegations Against Atkore - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the prices of PVC pipes, including both water and electrical conduit pipes [3]. - It is alleged that Atkore benefited financially from this anticompetitive conduct, which was unsustainable [3]. - As the price-fixing scheme was revealed, Atkore could no longer maintain inflated prices, leading to a significant decrease in PVC pipe prices [3]. - The company's business operations were negatively affected as a result of these practices [3]. - Positive statements made by Atkore regarding its business and prospects were deemed materially false and misleading [3]. Group 2: Legal Process and Investor Actions - Investors in Atkore have until April 23, 2025, to seek appointment as lead plaintiff in the class action lawsuit [4]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4]. - Investors can choose to participate actively or remain absent from the proceedings without affecting their ability to recover any potential damages [4].