Atkore (ATKR) Prnewswire·2025-03-17 09:45Core Viewpoint - Atkore Inc. is facing allegations of engaging in an anticompetitive price-fixing scheme related to PVC Pipes, which has led to significant financial repercussions for the company and its shareholders [1]. Group 1: Allegations and Impact - The complaint claims that Atkore issued materially false and misleading statements during the class period from February 1, 2024, to February 3, 2025 [1]. - It is alleged that Atkore's price-fixing scheme artificially inflated the price of PVC Pipes, resulting in unsustainable financial benefits for the company [1]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, negatively impacting Atkore's business and operations [1]. Group 2: Shareholder Actions - Shareholders who purchased shares of Atkore during the specified class period are encouraged to register for potential lead plaintiff appointment, with a deadline set for April 23, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. Group 3: Legal Representation - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit 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 [3].