Atkore (ATKR) Prnewswire·2025-04-22 13:35Core Viewpoint - Atkore, Inc. is facing a federal securities 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 losses for investors [2][3][4]. Group 1: Allegations and Impact - The complaint alleges that Atkore and its executives violated federal securities laws by making false or misleading statements and failing to disclose their involvement in a price-fixing scheme [3]. - Atkore reportedly benefited financially from this scheme until it was exposed, which led to a substantial decrease in PVC pipe prices and negatively impacted the company's business operations [3][4]. - Following the announcement of disappointing financial results for Q1 fiscal year 2025, Atkore's stock price fell nearly 20%, from 64.13 per share [4]. Group 2: Legal Proceedings - Investors who suffered losses exceeding $50,000 between February 1, 2024, and February 3, 2025, are encouraged to contact Faruqi & Faruqi, LLP to discuss their legal options [1][2]. - The deadline to seek the role of lead plaintiff in the class action lawsuit is April 23, 2025, with the lead plaintiff being the investor with the largest financial interest in the case [2][5]. - The law firm is also seeking information from whistleblowers, former employees, and shareholders regarding Atkore's conduct [6].