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 issued materially false and misleading statements during the class period from February 1, 2024, to February 3, 2025 [1] - Atkore's price-fixing scheme was exposed, resulting in a substantial decrease in the price of PVC Pipes, negatively impacting the company's business and operations [1] - The positive statements made by Atkore regarding its business, operations, and prospects were materially false and misleading, lacking a reasonable basis [1] Group 2: Class Action Details - Shareholders who purchased shares of Atkore during the specified class period are encouraged to register for the class action, with a deadline of April 23, 2025, to seek lead plaintiff status [2] - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2] Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by 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]

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][3]. 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 [3]. - It is alleged that Atkore benefited financially from this anticompetitive conduct, which was unsustainable [3]. - As the price-fixing scheme was revealed, Atkore could no longer maintain inflated prices, leading to a significant decrease in PVC pipe prices [3]. - The company's business operations were negatively affected as a result of these practices [3]. - Positive statements made by Atkore regarding its business and prospects were deemed materially false and misleading [3]. Group 2: Legal Process and Investor Actions - Investors in Atkore have until April 23, 2025, to seek appointment as lead plaintiff in the class action lawsuit [4]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4]. - Investors can choose to participate actively or remain absent from the proceedings without affecting their ability to recover any potential damages [4].

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]. - During the COVID-19 pandemic, shipping costs increased, impacting foreign PVC Pipe manufacturers' ability to sell profitably in the U.S. [3]. Group 3: Allegations Against Atkore - Atkore allegedly misrepresented that post-pandemic PVC Pipe price declines were due to "pricing normalization" and "competitive dynamics" [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 Market Reaction - On February 4, 2025, Atkore announced disappointing earnings, revealing a decline in the plastic pipe and conduit product category, which led to a nearly 20% drop in stock price from $79.72 to $64.13 per share [6]. - The company attributed approximately $75 million, or 3/4 of the guidance 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: Allegations and Impact - The lawsuit claims that Atkore engaged in a price-fixing scheme that artificially inflated the price of PVC Pipes [2]. - It is alleged that Atkore benefited financially from this conduct, but these benefits were unsustainable [2]. - As the price-fixing scheme was exposed, the price of PVC Pipes significantly decreased, adversely affecting Atkore's business and operations [2]. - The positive statements made by the defendants regarding the company's business and prospects were deemed materially false and misleading [2]. Group 2: Legal Proceedings - Investors who suffered losses during the relevant period (February 1, 2024, to February 3, 2025) have until April 23, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4].

Core Points - A class action lawsuit has been filed against Atkore Inc for alleged securities fraud and unlawful business practices [2][3] - Atkore reported net sales of $661.6 million for Q1 fiscal year 2025, which was below analysts' expectations of $680.7 million [3] - The company significantly reduced its adjusted EPS and EBITDA guidance for the remainder of fiscal year 2025, missing analysts' estimates [3] - Atkore's CFO disclosed a decline in the plastic pipe and conduit product category, attributing $75 million of the guidance reduction to poor performance in the PVC business [3] - Following the announcement, Atkore's stock price dropped by $15.19 per share, or 19.15%, closing at $64.13 per share [3]

NEW YORK, March 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Atkore Inc. (NYSE: ATKR).Shareholders who purchased shares of ATKR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/atkore-inc-loss-submission-form/?id=132982&from=4CLASS PERIOD: February 1, 2024 to February 3, ...

Core Viewpoint - The Atkore class action lawsuit alleges that Atkore Inc. and certain executives violated the Securities Exchange Act of 1934, with claims of anticompetitive practices leading to inflated PVC pipe prices and subsequent financial losses for investors [1][4]. Company Overview - Atkore Inc. is engaged in the manufacture and sale of electrical, mechanical, safety, and infrastructure products and solutions [3]. Allegations of the Lawsuit - The lawsuit claims that Atkore participated in a price-fixing scheme that artificially inflated PVC pipe prices [4]. - It is alleged that Atkore benefited financially from this scheme until it was exposed, leading to a significant drop in PVC pipe prices and negatively impacting the company's operations [4]. - Following the exposure of these practices, Atkore reported a 17% year-over-year decline in net sales for Q1 FY 2025, totaling $661.6 million, which was below analysts' expectations [5]. Financial Impact - Atkore's guidance for FY 2025 was significantly reduced, with adjusted EPS expectations lowered from $7.80 to $8.90 to a new range of $5.75 to $6.85, and adjusted EBITDA expectations reduced from $475 million to $525 million to a range of $375 million to $425 million [5]. - The announcement of these financial results led to a nearly 20% drop in Atkore's common stock price [5].

Core Viewpoint - A class action lawsuit has been filed against Atkore Inc. for alleged violations of the Securities Exchange Act due to false and misleading statements regarding its PVC pipe pricing practices [1][4]. Group 1: Lawsuit Details - The lawsuit is based on allegations that Atkore engaged in a price-fixing scheme that artificially inflated the price of its PVC pipes, leading to unsustainable financial benefits for the company [4]. - Investors who purchased Atkore's securities between February 1, 2024, and February 3, 2025, are encouraged to participate in the lawsuit before the deadline of April 23, 2025 [2]. Group 2: Impact on Investors - The revelation of the price-fixing scheme resulted in a substantial decrease in the price of Atkore's PVC pipes, causing significant damages to investors when the truth was disclosed [4]. - The class action has not yet been certified, meaning that affected investors are not currently represented by an attorney unless they take action [3].

NEW YORK, Feb. 28, 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- ...

SAN FRANCISCO, Feb. 27, 2025 /PRNewswire/ -- A class action lawsuit has been filed against Atkore Inc. (NYSE: ATKR), a prominent manufacturer of electrical products, which include metal electrical conduit and fittings, plastic pipe conduit and fittings, electrical cable and flexible conduit, and international cable management systems. The suit, captioned Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefits Fund v. Atkore Inc., et al., No. 1:25-cv-01851 (N.D. Ill.), represents investors who ...