Atkore (ATKR) GlobeNewswire News Room·2025-04-19 00:47Core Viewpoint - Atkore Inc. is facing a class action lawsuit due to allegations of engaging in an anticompetitive price-fixing scheme that inflated the prices of PVC pipes, leading to significant financial damages for investors during the class period from August 2, 2022, to February 3, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Atkore made false and misleading statements regarding its business operations and financial health, which were based on unsustainable benefits derived from the alleged price-fixing scheme [5]. - As the price-fixing scheme was exposed, Atkore could no longer maintain inflated prices for PVC pipes, resulting in a substantial decrease in their market price and negatively impacting Atkore's business operations [5]. - Investors are reminded of the April 23, 2025, deadline to serve as lead plaintiff in the class action, which is crucial for directing the litigation on behalf of other class members [1][3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering hundreds of millions of dollars for investors [4]. - The firm has been recognized for its leadership in securities class action settlements, achieving significant recoveries, including over $438 million in 2019 alone [4].