Atkore (ATKR) Prnewswire·2025-03-12 01:06Core 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]. 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 [2]. - As a result of the alleged misconduct, Atkore reportedly gained significant but unsustainable financial benefits [2]. - The exposure of Atkore's price-fixing scheme led to a substantial decrease in PVC pipe prices, negatively impacting the company's business and operations [2]. - The positive statements made by Atkore regarding its business and prospects were claimed to be materially false and misleading [2]. Group 2: Legal Process and Participation - Investors in Atkore have until April 23, 2025, to seek appointment as a lead plaintiff in the class action lawsuit [3]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [3]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages affected Atkore investors to contact them for more information regarding the lawsuit [4].