Atkore Inc. Investors: April 23, 2025 Filing Deadline in Securities Class Action - Contact Lieff Cabraser
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Atkore Inc. (ATKR) is facing a securities class action lawsuit alleging that the company engaged in an anticompetitive price-fixing scheme for PVC pipes. The lawsuit covers the period from August 2, 2022, to February 3, 2025, during which the company allegedly kept pipe prices artificially inflated. Multiple significant stock price drops occurred, including a 19.56% decline on February 4, 2025, after disappointing financial results and reduced earnings guidance.
April 01, 2025 | 1:15 pm
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NEGATIVE IMPACT
The securities class action lawsuit alleges systematic price manipulation in Atkore's PVC pipe business, which could lead to significant financial and reputational damage. Multiple earnings warnings and stock price declines suggest ongoing business challenges.
The lawsuit and repeated stock price drops indicate serious allegations of anticompetitive behavior, potential financial penalties, and loss of investor confidence. Multiple negative financial announcements suggest ongoing business challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100