Atkore (ATKR) GlobeNewswire News Room·2025-04-12 19:28Core Viewpoint - Rosen Law Firm is reminding investors who purchased Atkore Inc. common stock between August 2, 2022, and February 3, 2025, of the April 23, 2025, lead plaintiff deadline for a class action lawsuit related to alleged misleading statements and anticompetitive practices [1][4]. Group 1: Class Action Details - Investors who bought Atkore common stock during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by April 23, 2025 [2]. - The lawsuit alleges that Atkore engaged in a price-fixing scheme that artificially inflated the prices of PVC pipes, leading to significant financial benefits that were unsustainable [4]. Group 2: Allegations Against Atkore - The lawsuit claims that Atkore's actions included making false and misleading statements about its business and operations, which were materially false and lacked a reasonable basis [4]. - As the price-fixing scheme was exposed, Atkore and its co-conspirators could no longer maintain inflated prices, resulting in a substantial decrease in PVC pipe prices and negatively impacting Atkore's business [4]. - The lawsuit asserts that when the true details became public, investors suffered damages due to the misleading information provided by Atkore [4]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Many attorneys at Rosen Law Firm have received recognition from Lawdragon and Super Lawyers, emphasizing the firm's expertise in this area [3].