polyvinyl chloride (PVC) water pipes
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ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Atkore Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ATKR
Globenewswire· 2025-03-14 00:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Atkore Inc. common stock between February 1, 2024, and February 3, 2025, of the April 23, 2025, deadline to become a lead plaintiff in a class action lawsuit related to alleged misleading statements and anticompetitive practices by the company [1]. 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 Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against Atkore - The lawsuit alleges that Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the prices of polyvinyl chloride (PVC) water pipes and electrical conduit pipes [4]. - As a result of the price-fixing scheme being exposed, Atkore could no longer maintain inflated prices, leading to a significant decrease in the price of PVC pipes and negatively impacting the company's business operations [4]. - The lawsuit claims that the positive statements made by Atkore regarding its business and prospects were materially false and misleading due to the undisclosed anticompetitive conduct [4].