Atkore Inc. (ATKR) Class Period Expanded in Second Securities Class Action Suit Over Recording of Potentially Improper Revenues – Hagens Berman
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Atkore Inc. (ATKR) is confronting a second class action lawsuit alleging anticompetitive misconduct in the PVC pipe market. The lawsuit covers the period from August 2022 to February 2025, claiming the company artificially inflated revenues through price-fixing. Multiple disclosures, including financial result reductions and a short seller report, have negatively impacted Atkore's stock price.
April 02, 2025 | 1:45 pm
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NEGATIVE IMPACT
The second securities class action lawsuit alleges systematic price manipulation in PVC pipes, potentially exposing Atkore to significant financial and reputational damage.
Multiple negative disclosures, potential legal liability, and allegations of anticompetitive conduct suggest significant short-term stock price pressure for Atkore.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100