Doj examination for Atkore Inc.

New York, February 26, 2025 (Globe Newswire) – leading securities law firm Bleichmar Fonti & Auld LLP If a complaint has been filed against Atkore Inc. (NYSE: ATKR), and certain managers of the company due to potential violations of the federal laws.

If you have invested in Atkore, you will be asked to receive additional information by visiting .

By April 23, 2025, investors have time to ask the court to lead the case. In the complaint, the claims according to sections 10 (b) and 20 (a) of the Securities Exchange Act from 1934 on behalf of investors who bought Atkore shares. The case is pending in front of the US district court for the northern district of Illinois and is provided by a caption West Chest Putnam Counties Heavy & Highway Workers Local 60 Benefits Fund against Atkore Inc., et al.No. 25-cv-01851.

Why was Atkore sued for securities fraud?

Atkore produces electrical, safety and infrastructure products such as polyvinyl chloride water and electrical line pipes (“PVC tube”). During the COVID-19 pandemic, the shipping costs rose dramatically, so that foreign PVC pipe manufacturers PVC pipe could not sell profitably in the United States, as the shipping prices returned to a normal level when the pandemic in 2022 decreased, foreign PVC pipe manufacturers gradually returned to the US market. Shortly afterwards, at the end of 2022, the price for PVC pipe began to sink.

As supposedly, Atkore was repeatedly misfortune that the post-pandemic PVC pipe price declines were the result of a “price normalization” that reflected the “competition dynamics”, and assured investors that the company would continue to successfully compete in the Postkoviden 199 market.

In truth, it is claimed that Atkore has carried out a competition-contrary price fixation scheme that has artificially inflated the price for PVC pipes.

The share decreases when the truth is revealed

On July 24, 2024, an activist investor named Manbear published a report entitled “Pipe Price Fixing”, in which Atkore was accused, and three of its competitors to use the raw material price service Opis to coordinate price campaigns and to remedy the price for PVC pipe.

On February 4, 2025, Atkore announced disappointing profits and reduced guidelines and announced that the “Plastic tube and line product in the district of medium-sized” decreased, compared to “High individual digits in the previous year” and led the instructions to reduce ATKORES PVC Pipe Business, Statend, “Rau $ 75 or 3/4: [of the guidance reduction] Is on the PVC page. “This news led to the price of the ATKore share of $ 79.72 per share on the 3rd, 2025 $ 64.13 per share on February 4, 2025.

On February 14, 2025, Atkore announced that it received a summons of the Grand Jury from the US Ministry of Justice Antitrust department and applied for the “production of documents in relation to the pricing of the company's PVC pipe and Duden products”.

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What can you do

If you have invested in Atkore, you may have legal options and will be asked to send your information to the company.

All representation takes place on a eventual fee. There are no costs for you. The shareholders are not responsible for court costs or costs for legal disputes. The company will obtain approval for potential fees and expenses.

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Or contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm that represents the plaintiffs in securities and shareholder disputes. It was appointed the plaintiff's top 5 law firms in 2023, and his lawyers were appointed the plaintiffs and Superlawyers by Thompson Reuters by Thompson Reuters by Thompson Reuters. Among the recent remarkable successes, BFA achieved the board of Tesla, Inc. von Tesla, Inc., and 420 million US dollars by Teva Pharmaceutical Ind. Ltd.

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