A securities class action has been filed in the USDC — N.D.IL. against Atkore Inc. (ATKR) (“Atkore” or the “Company”), on behalf of all persons or entities who purchased or otherwise acquired Atkore common stock between February 01, 2024, and February 3, 2025, both dates inclusive (the “Class Period”).

Headquartered in Harvey, Illinois, Atkore is a leading manufacturer of electrical, safety, and infrastructure products. The Company offers products used in the construction of electrical power systems, including metal electrical conduit and fittings, plastic pipe conduit and fittings, electrical cable and flexible conduit, and plastic pipes for water systems. Notably, Atkore’s plastic pipes and pipe conduits are made from PVC, one of the most widely used plastic polymers. Commodity products like PVC Pipes have been under heightened scrutiny as the U.S. Department of Justice (“DOJ”) has increased its efforts to examine anticompetitive practices in supply chains following disruptions and price surges attributed to the COVID-19 pandemic.

The Complaint alleges that the Defendants had failed to disclose that:

(1) Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes;

(2) Atkore reaped significant, unsustainable financial benefits from its anticompetitive conduct;

(3) as Atkore’s price-fixing scheme was exposed, the Company and its price-fixing co-conspirators were no longer able to artificially inflate the price of PVC Pipes, resulting in a substantial decrease in the price of PVC Pipes;

(4) Atkore’s business and operations were negatively impacted; and

(5) as a result, Defendants’ positive statements Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.

If you purchased Atkore common stock during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.