Atkore (US:ATKR) Prnewswireยท2025-03-31 09:45Core Viewpoint - Atkore Inc. is facing a class action lawsuit due to allegations of engaging in an anticompetitive price-fixing scheme that inflated the price of PVC Pipes, leading to significant financial benefits that were unsustainable [1] Summary by Sections Allegations - The complaint claims that Atkore issued materially false and misleading statements and failed to disclose its involvement in a price-fixing scheme for PVC Pipes [1] - The scheme allegedly resulted in artificially inflated prices, which were unsustainable and negatively impacted Atkore's business and operations once exposed [1] - As a result of the exposure, the price of PVC Pipes decreased substantially, contradicting the positive statements made by the company regarding its business prospects [1] Class Action Details - The class period for the lawsuit is from August 2, 2022, to February 3, 2025, and shareholders who purchased shares during this time are encouraged to register for participation [1][2] - The deadline for shareholders to seek lead plaintiff status is April 23, 2025, and there is no cost or obligation to participate in the case [2] Law Firm Information - 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]