SAN DIEGO, March 17, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the Atkore class action lawsuit – captioned Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefits Fund v. Atkore Inc., No. 25-cv-01851(N.D. Ill.) – seeks to represent purchasers of Atkore Inc. (NYSE: ATKR) common stock and charges Atkore and certain of Atkore's top current and former executives with violations of the Securities Exchange Act of 1934.If you suffered substantial losses and ...

Core Viewpoint - A securities class action lawsuit has been filed against Atkore Inc. for alleged anticompetitive practices related to price-fixing of PVC pipes, impacting the company's financial performance and misleading investors during the class period from August 2, 2022, to February 3, 2025 [1][2]. Group 1: Allegations Against Atkore - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the prices of PVC pipes, including both water and electrical conduit pipes [2]. - It is alleged that Atkore benefited financially from this anticompetitive conduct, which was unsustainable [2]. - As the price-fixing scheme was exposed, the prices of PVC pipes significantly decreased, negatively impacting Atkore's business and operations [2]. - The positive statements made by Atkore regarding its business and prospects were claimed to be materially false and misleading [2]. Group 2: Legal Process and Participation - Investors in Atkore have until April 23, 2025, to seek appointment as lead plaintiff representatives in the class action [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [3]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [3].

NEW YORK, March 12, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Atkore Inc. ("Atkore Inc." or the "Company") (NYSE: ATKR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Atkore Inc. investors who were adversely affected by alleged securities fraud between February 1, 2024 and February 3, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/atkore-inc-lawsuit-submission ...

Core Viewpoint - A securities class action lawsuit has been filed against Atkore Inc. for alleged anticompetitive practices related to price-fixing of PVC pipes, impacting the company's financial performance and misleading investors [1][2]. Group 1: Allegations Against Atkore - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the prices of PVC pipes, including both water and electrical conduit pipes [2]. - As a result of the alleged misconduct, Atkore reportedly gained significant but unsustainable financial benefits [2]. - The exposure of Atkore's price-fixing scheme led to a substantial decrease in PVC pipe prices, negatively impacting the company's business and operations [2]. - The positive statements made by Atkore regarding its business and prospects were claimed to be materially false and misleading [2]. Group 2: Legal Process and Participation - Investors in Atkore have until April 23, 2025, to seek appointment as a lead plaintiff in the class action lawsuit [3]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [3]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [3]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4]. - The firm encourages affected Atkore investors to contact them for more information regarding the lawsuit [4].

Core Viewpoint - Atkore Inc. is facing allegations of engaging in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes, leading to significant financial benefits that were unsustainable [1] Group 1: Allegations and Impact - The complaint alleges that Atkore's actions included materially false and misleading statements regarding its business operations and prospects [1] - As the price-fixing scheme was exposed, Atkore and its co-conspirators could no longer maintain inflated prices, resulting in a substantial decrease in the price of PVC Pipes [1] - The company's business and operations were negatively impacted due to the exposure of the price-fixing scheme [1] Group 2: Class Action Details - The class period for the allegations is from February 1, 2024, to February 3, 2025, and shareholders are encouraged to register for the class action [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] Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]

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 [1][4]. Group 1 - The class action 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]. - The lawsuit claims that Atkore benefited financially from this scheme until it was exposed, leading to a significant decrease in PVC pipe prices and negatively impacting Atkore's business operations [4]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [1][2]. Group 2 - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in recovering substantial amounts for investors [3]. - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and securing over $438 million for investors in 2019 [3].

Core Viewpoint - The Atkore class action lawsuit alleges that Atkore Inc. and certain executives violated the Securities Exchange Act of 1934 through misleading statements and anticompetitive practices related to PVC pipe pricing [1][4]. Company Overview - Atkore Inc. is engaged in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions [3]. Allegations - The lawsuit claims that Atkore participated in a price-fixing scheme that artificially inflated PVC pipe prices, leading to unsustainable financial gains [4]. - As the price-fixing scheme was revealed, Atkore could no longer maintain inflated prices, resulting in a significant drop in PVC pipe prices and negatively impacting its business operations [4]. Financial Performance - On February 4, 2025, Atkore reported first-quarter fiscal year 2025 net sales of $661.6 million, a 17% decrease year-over-year, falling short of analysts' expectations of $680.7 million [5]. - The company revised its fiscal year 2025 guidance, projecting adjusted EPS of $5.75 to $6.85 and adjusted EBITDA of $375 million to $425 million, which is a substantial reduction from previous guidance of $7.80 to $8.90 and $475 million to $525 million, respectively [5]. - Following the announcement of these results, Atkore's stock price dropped nearly 20% [5].

Core Viewpoint - A lawsuit has been filed against Atkore Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentations about PVC Pipe pricing and an alleged price-fixing scheme [1][2][5]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until April 23, 2025, to seek appointment to lead the case [2]. Group 2: Company Background - Atkore manufactures electrical, safety, and infrastructure products, including PVC Pipe [3]. - The company faced challenges during the COVID-19 pandemic, which led to increased shipping costs and a temporary exit of foreign PVC Pipe manufacturers from the U.S. market [3]. Group 3: Allegations of Misrepresentation - Atkore allegedly misrepresented that post-pandemic PVC Pipe price declines were due to "pricing normalization" and "competitive dynamics," misleading investors about its market position [4]. - An activist investor report accused Atkore of engaging in an anticompetitive price-fixing scheme that artificially inflated PVC Pipe prices [5]. Group 4: Stock Performance and Impact - Following disappointing earnings and reduced guidance, Atkore's stock price fell nearly 20%, from $79.72 on February 3, 2025, to $64.13 on February 4, 2025 [6]. - The company attributed a significant portion of the guidance reduction, approximately $75 million or 75% of the reduction, to its PVC Pipe business [6]. Group 5: Regulatory Scrutiny - On February 14, 2025, Atkore disclosed receiving a grand jury subpoena from the U.S. Department of Justice Antitrust Division regarding the pricing of its PVC products [7].

Core Viewpoint - Atkore Inc. is facing a class action securities lawsuit due to alleged securities fraud related to an anticompetitive price-fixing scheme involving PVC Pipes, which has negatively impacted the company's financial performance and operations [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors adversely affected by alleged securities fraud between February 1, 2024, and February 3, 2025 [1]. - The complaint alleges that Atkore engaged in a price-fixing scheme that artificially inflated the price of PVC Pipes, leading to unsustainable financial benefits for the company [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. Group 2: Investor Information - Investors who suffered losses during the relevant time frame have until April 23, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

Core Viewpoint - A securities class action lawsuit has been filed against Atkore Inc. for alleged anticompetitive practices related to price-fixing of PVC pipes, impacting the company's financial performance and misleading investors [1][2]. Allegations Against Atkore - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the prices of PVC pipes, leading to unsustainable financial gains [2]. - As the price-fixing scheme was revealed, Atkore could no longer maintain inflated prices, resulting in a significant drop in PVC pipe prices and negatively affecting the company's operations [2]. - The positive statements made by Atkore regarding its business and prospects were allegedly false and misleading due to the undisclosed anticompetitive conduct [2]. Lead Plaintiff Process - Investors in Atkore have until April 23, 2025, to apply to be appointed as lead plaintiffs, representing the class in the lawsuit [3]. - The lead plaintiff will direct the litigation and select counsel to represent the class, although participation as a lead plaintiff does not affect the ability to share in any recovery [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].