Atkore (US:ATKR) Prnewswireยท2025-04-21 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Atkore Inc. regarding a class action lawsuit alleging anticompetitive practices, specifically price-fixing of PVC Pipes, which led to misleading statements about the company's financial health and operations [1]. Group 1: Allegations and Impact - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated the price of PVC Pipes [1]. - Atkore reportedly gained significant and unsustainable financial benefits from this anticompetitive conduct [1]. - As the price-fixing scheme was exposed, the ability to maintain inflated prices resulted in a substantial decrease in PVC Pipe prices, negatively impacting Atkore's business and operations [1]. - The positive statements made by Atkore regarding its business and prospects were claimed to be materially false and misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is from August 2, 2022, to February 3, 2025, and shareholders 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]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, 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 or omissions [3].