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ATKORE ALERT: Bragar Eagel & Squire, P.C. is Investigating Atkore Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-26 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Atkore Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1] Group 1: Allegations and Impact - The class action alleges that during the class period, Atkore made materially false and misleading statements and failed to disclose adverse facts about its business and operations [2] - Specific allegations include Atkore's engagement in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes, leading to unsustainable financial benefits [2] - As the price-fixing scheme was exposed, Atkore could no longer maintain inflated prices, resulting in a significant decrease in PVC pipe prices and negative impacts on its business and operations [2] Group 2: Legal Representation and Contact - Long-term stockholders of Atkore are encouraged to contact Bragar Eagel & Squire, P.C. for more information regarding the claims and their rights [3] - The law firm specializes in representing individual and institutional investors in complex litigation across state and federal courts [4]
ATKR Deadline in 3 Days: Kessler Topaz Meltzer & Check, LLP Reminds Atkore Inc. (ATKR) Investors of Filing Deadline in Class Action Lawsuit
Prnewswire· 2025-04-20 14:15
Core Viewpoint - Securities class action lawsuits have been filed against Atkore Inc. for alleged misconduct related to price-fixing of PVC pipes during the specified Class Period from August 2, 2022, to February 3, 2025 [1][2]. Group 1: Allegations Against Atkore - Defendants allegedly engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes, including both water pipes and electrical conduit pipes [2]. - Atkore reportedly gained significant and unsustainable financial benefits from this anticompetitive conduct [2]. - As the price-fixing scheme was exposed, Atkore and its co-conspirators could no longer maintain inflated prices, leading to a substantial decrease in PVC pipe prices [2]. - The company's business and operations were negatively impacted as a result of these actions [2]. - Positive statements made by the defendants regarding Atkore's business and prospects were claimed to be materially false and misleading [2]. Group 2: Legal Process and Representation - Investors in Atkore have until April 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. - The lead plaintiff selects counsel to represent the class, and this decision does not affect the ability of other investors to share in any recovery [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP has a global reputation for prosecuting class actions and has recovered billions of dollars for victims of corporate misconduct [4]. - The firm aims to protect investors, consumers, and employees from fraud and negligence by businesses [4].