Saturday, 22 February 2025 04:43 PM
Class Action
PHILADELPHIA, PA / ACCESS Newswire / February 22, 2025 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of Atkore Inc. ("Atkore" or the "Company") (NYSE:ATKR) investors who acquired Atkore stock securities between February 1, 2024 and February 3, 2025, inclusive (the "Class Period").
KLF is also examining whether certain officers and directors breached their fiduciary duties by failing to manage Atkore properly and whether their actions resulted in harm to the Company and its shareholders.
Investors who acquired their Atkore stock securities during the Class Period are encouraged to complete KLF's Securities Questionnaire or send us a message to reach an attorney for a free legal evaluation.
For direct access, please use the following links:
Securities Questionnaire: https://kehoelawfirm.com/securities-questionnaire/
Contact Form: https://kehoelawfirm.com/contact/
Securities Fraud Class Action Lawsuit Filed Against Atkore
On February 21, 2025, a securities fraud class action lawsuit was filed in United States District Court, Northern District of Illinois (No. 1:25-cv-1851), against Atkore pursuing remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder.
In summary, the class action lawsuit alleges that the Atkore defendants engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC pipes; reaped significant, unsustainable financial benefits from anticompetitive conduct; and as Atkore's price-fixing scheme was exposed, the Company and its price-fixing conspirators were no longer able to artificially inflate the price of PVC pipe, resulting in a substantial decrease in the price of PVC pipe and a negative impact on Atkore's business and operations.
Atkore investors should also be aware that Atkore recently filed a Form 8-K which stated that "[o]n February 13, 2025, the Company received from the U.S. Department of Justice ("DOJ") Antitrust Division a grand jury subpoena issued by the U.S. District Court for the Northern District of California. The subpoena calls for production of documents relating to the pricing of the Company's PVC pipe and conduit products."
Atkore Investors: Learn More About the Investigation and Your Legal Options
Investors who acquired their Atkore stock securities during the Class Period who want to learn more about the investigation or discuss potential legal claims can also contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation legal evaluation.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a plaintiff-side class action firm, fiercely committed to safeguarding investors and consumers from corporate fraud and misconduct. Nationally recognized, our attorneys have taken the reins as Lead or Co-Lead Counsel in high-profile cases, securing over $10 billion in recoveries for institutional and individual investors and consumers. Through relentless class action litigation, we tackle securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations head-on. Beyond that, we champion whistleblowers and fight against data breaches, consumer scams, employment law abuses, retirement plan mismanagement, and deceptive business practices. With a no-nonsense, results-focused approach, we chase down meaningful outcomes-delivering justice and substantial recoveries for those we represent.
This press release may constitute attorney advertising.
SOURCE: Kehoe Law Firm, P.C.