Atkore (ATKR) Prnewswire·2025-03-06 10:45Core 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] Group 1: Allegations and Impact - The complaint alleges that Atkore issued materially false and misleading statements during the class period from February 1, 2024, to February 3, 2025 [1] - Atkore's price-fixing scheme was exposed, resulting in a substantial decrease in the price of PVC Pipes, negatively impacting the company's business and operations [1] - The positive statements made by Atkore regarding its business, operations, and prospects were materially false and misleading, lacking a reasonable basis [1] Group 2: Class Action Details - Shareholders who purchased shares of Atkore during the specified class period are encouraged to register for the class action, with a deadline of April 23, 2025, to seek lead plaintiff status [2] - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, 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 or omissions [3]