Atkore (US:ATKR) Globenewswire·2025-03-07 18:55Core 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 business and operations [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by alleged securities fraud between February 1, 2024, and February 3, 2025 [1]. - Allegations include that Atkore engaged in a price-fixing scheme that artificially inflated PVC Pipe prices, 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 operations [2]. Group 2: Investor Information - Investors who suffered losses during the relevant timeframe have until April 23, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [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, with extensive expertise in complex securities cases [4].