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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.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is investigating whether certain executive officers and directors of Autodesk, Inc. (“Autodesk” or the “Company”) (NASDAQ:ADSK) breached their fiduciary duties by failing to manage Autodesk in an acceptable manner and whether Autodesk and its shareholders were harmed as a result.

Key Issues of the Breach of Fiduciary Duties Investigation

On April 1, 2024, Autodesk announced that it was “. . . unable to file its Annual Report on Form 10-K for the year ended January 31, 2024 . . . within the prescribed time period, without unreasonable effort or expense.”

Further, the Company stated that “[a]fter the Company’s earnings release on February 29, 2024, information was brought to the attention of management, which promptly informed the Audit Committee . . . of the Board of Directors of the Company, that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding the Company’s free cash flow and non-GAAP operating margin practices.”

On April 16, 2024, Autodesk announced it would “. . . not file its Annual Report on Form 10-K for the year ended January 31, 2024 . . . within the 15-day extension period contemplated by Rule 12b-25(b) under the Securities Exchange Act of 1934, as amended, due to the ongoing investigation. Accordingly, the Company expects to receive a notice from The Nasdaq Stock Market . . . that it is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1).”

On April 25, 2024, Autodesk reported that “[o]n April 19, 2024, the Company received a notice . . . from The Nasdaq Stock Market LLC . . . notifying the Company that, because [Autodesk] is delinquent in filing its Form 10-K, the Company no longer complies with Nasdaq Listing Rule 5250(c)(1) . . ., which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC.”

On June 3, 2024, Autodesk announced that it had reassigned its Chief Financial Officer (“CFO”), after an internal accounting investigation around treatment of its free cash flow and operating margins.

Autodesk also “. . . disclosed its practice of incentivizing customers to adopt multiyear upfront billing arrangements. It has also acknowledged that discounted multiyear upfront contracts reduce revenue and lower billings in out years. Though prior to fiscal year 2024, the company did not quantify free cash flow attributable to multiyear upfront billings, it has noted the contribution of upfront collections to fluctuations in the company’s quarterly reported long-term deferred revenue.”

Investors of Autodesk Stock: Learn More About the Investigation and Your Legal Options 

If you are an Autodesk investor and want to learn more about the investigation or discuss potential legal claims, please send us a message or 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 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.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ:PGY) for potential violations of federal securities laws.

Investing.com reported that Pagaya stock “. . . shares fell 6% following a short report from Iceberg Research that criticized the fintech company’s financial practices and management history. Iceberg Research publicly announced its short position, claiming that Pagaya has used third-party funds to hide significant losses.”

The Iceberg Research report, according to Investing.com “. . . detailed how Pagaya underwrites consumer loans that were originally rejected by its partners due to high risk. It then sells the majority of these loans through asset-backed securities (ABS) to institutional investors. Iceberg Research highlighted a pattern of questionable management decisions and potential conflicts of interest, pointing to the involvement of Pagaya’s CTO Avital Pardo in a previously collapsed company and President Sanjiv Das’s history of overlooking misconduct.”

Shares of Pagaya stock were down more than 11% during intraday trading on February 11, 2025.

Pagaya Technologies Investors May Have Legal Claims 

Investors of Pagaya Technologies stock are encouraged to send us a message or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], [email protected], to learn more about the Pagaya Technologies securities class action investigation and receive 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.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is notifying investors that a federal securities class action complaint was filed against Crocs, Inc. (“Crocs” or the “Company”) (NASDAQ:CROX) on behalf of shareholders who purchased or otherwise acquired Crocs common stock between November 3, 2022 and October 28, 2024, inclusive (the “Class Period”). 

Summary of Class Action Lawsuit Allegations Against Crocs

During the Class Period, the Crocs Defendants allegedly misled investors by concealing that HEYDUDE’s strong revenue growth after its February 2022 acquisition was primarily driven by Crocs management’s deliberate decision to aggressively stock third-party wholesalers, regardless of the level of actual retail demand.

This overstocking strategy allegedly continued despite assurances from the Company’s CEO that Crocs would not force excess inventory onto wholesalers. As a result, HEYDUDE’s reported 2022 revenue did not reflect true retail demand and was unsustainable over the long term.

Additionally, after the Company’s retail partners began destocking excess inventory, the Crocs Defendants allegedly misled investors by concealing that declining demand for HEYDUDE shoes would further impact the Company’s financial results.

Crocs Reports HEYDUDE’s Revenue Shortfall Due to Excess Market Inventory 

According to the class action complaint, “[o]n October 29, 2024, investors learned more about HEYDUDE’s prospects when the Company reported its financial results for the third quarter of 2024. During the accompanying earnings call, Defendant Rees disclosed that HEYDUDE revenues fell below the Company’s expectations and revealed that ‘HEYDUDE’s recent performance and the current operating environment are signaling it will take longer than we had initially planned for the business to turn the corner.'”

Further, “Rees attributed HEYDUDE’s struggles to ‘excess inventories in the market’ and admitted that ‘we’ve made good progress, but frankly, not quite all the progress we want to make’ in resolving the inventory issue. Moreover, Rees admitted that ‘if you think about this sort of [20]22 into [20]23 timeframe, in retrospect, we absolutely shipped too much product[],’ calling that decision “wrong” and highlighting that a lack of product demand exacerbated the issue.”

The price of Crocs common stock dropped $26.47 per share, falling from a closing price of $138.05 on October 28, 2024 to $111.58 on October 29, 2024.

Crocs Investors May Have Legal Claims

Investors who acquired Crocs common stock during the Class Period may have legal claims. To learn more about the class action lawsuit or explore your legal options, please send us a message or 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 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.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is investigating whether certain executive officers and directors of Lucid Group, Inc. (“Lucid” or the “Company”) (NASDAQ:LCID) breached their fiduciary duties by failing to manage Lucid in an acceptable manner and whether Lucid and its shareholders were harmed as a result.

Key Issues of the Investigation

The breach of fiduciary duties investigation focuses on whether Lucid’s officers or directors made materially false and misleading statements or failed to disclose material information, including:

• Whether the Company’s failure to meet its target production of Lucid Air vehicles was due to global supply chain and logistics challenges or stemmed from undisclosed internal logistical, inventory, or other operational deficiencies in its warehouse and production line that prevented it from achieving previously forecasted production levels.

Lucid Investors: Learn More About the Investigation and Your Legal Options 

To learn more about the investigation or discuss potential legal claims, please send us a message or 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 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.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]