Atkore (ATKR) Prnewswire·2025-03-06 21:53Core 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][2]. Allegations Against Atkore - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the prices of PVC pipes, leading to unsustainable financial gains [2]. - As the price-fixing scheme was revealed, Atkore could no longer maintain inflated prices, resulting in a significant drop in PVC pipe prices and negatively affecting the company's operations [2]. - The positive statements made by Atkore regarding its business and prospects were allegedly false and misleading due to the undisclosed anticompetitive conduct [2]. Lead Plaintiff Process - Investors in Atkore have until April 23, 2025, to apply to be appointed as lead plaintiffs, representing the class in the lawsuit [3]. - The lead plaintiff will direct the litigation and select counsel to represent the class, although participation as a lead plaintiff does not affect the ability to share in any recovery [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].