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”).
The investigation also concerns whether certain officers and directors of the Company breached their fiduciary duties by failing to manage Atkore in an acceptable manner and whether the Company and its shareholders were harmed as a result.
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 also has been named as a defendant in civil antitrust lawsuits alleging that Atkore and other U.S.-based PVC pipe manufacturers conspired to artificially inflate the price of PVC pipe.
Additionally, 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 are encouraged to send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation evaluation of potential legal claims.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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