Core Viewpoint - Securities class action lawsuits have been filed against Atkore Inc. for alleged anticompetitive practices during the specified Class Period [1][3]. Group 1: Allegations Against Atkore - Atkore is accused of engaging in a price-fixing scheme that artificially inflated the prices of PVC pipes, including both water and electrical conduit pipes [3]. - The company reportedly benefited financially from this anticompetitive conduct, which was deemed unsustainable [3]. - As the price-fixing scheme was exposed, Atkore faced a significant decrease in PVC pipe prices, negatively impacting its business operations [3]. - Positive statements made by Atkore regarding its business and prospects were claimed to be materially false and misleading [3]. Group 2: Legal Process and Participation - Investors in Atkore have until April 23, 2025, to seek appointment as lead plaintiffs in the class action [4]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4]. - Investors can choose to participate actively or remain absent from the proceedings without affecting their ability to recover any potential damages [4].
ATKR Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Atkore Inc. (ATKR)