Atkore (ATKR) Prnewswire·2025-03-07 10:53Core 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: Lawsuit Details - The lawsuit seeks to recover losses for investors adversely affected by alleged securities fraud between February 1, 2024, and February 3, 2025 [1]. - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated the price of PVC Pipes, leading to unsustainable financial benefits for the company [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. Group 2: Investor Information - Investors who suffered losses during the relevant time frame have until April 23, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].