{"id":830290,"date":"2025-03-26T17:21:56","date_gmt":"2025-03-26T21:21:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-atkore-inc-nyse-atkr-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/"},"modified":"2025-03-26T17:21:56","modified_gmt":"2025-03-26T21:21:56","slug":"investor-alert-shareholder-class-action-lawsuit-filed-against-atkore-inc-nyse-atkr-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-atkore-inc-nyse-atkr-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/","title":{"rendered":"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. (NYSE: ATKR); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, March  26, 2025  (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired Atkore, Inc. (NYSE: ATKR) (\u201cAtkore\u201d or the \u201cCompany\u201d) common stock between February 1, 2024 and February 3, 2025 (the \u201cClass Period\u201d), charging the Company and certain current and former senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d).<\/p>\n<p align=\"justify\">Atkore investors have until April 23, 2025 to seek appointment as lead plaintiff of the Atkore class action lawsuit.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>If you purchased or acquired Atkore common stock between February 1, 2024 and February 3, 2025, and suffered substantial losses<\/em><br \/>\n        <\/strong>, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may <strong><em>submit your information and contact us here: <\/em><\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6-dF5JFoTHybzTkG6EL4EG8G18KI8ZLavvCE-YGK0q4LgOSSgfkk-ScqD6EGjOwecx9lRqd5aZ1Oiv_gt7f8DqipMJ5z5hey4fwwaKvyXm-ReVXUNeFASGJCbcWHScuUCayBSY8vQ8DIoLsMOhtB0rtPGCuxvAzQLMk7TA52A94=\" rel=\"nofollow\" target=\"_blank\">https:\/\/dicellolevitt.com\/securities\/atkore\/<\/a>.<\/p>\n<p align=\"justify\">You can also contact DiCello Levitt attorneys Brian O\u2019Mara or Ruben Pe\u00f1a by calling (888) 287-9005 or emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cdQh2g26vcWUEDyGfjvt06SFi4qeSVThh4o9LuNVcdUveLIN7-E5MSy7WpVIYglKYkiksAfK17RDI_bNUcbNWUgqPbTpRheW-QzSFQQJgG80iZAJhA1yObFmOzPq-xjz\" rel=\"nofollow\" target=\"_blank\">investors@dicellolevitt.com<\/a>.\u00a0\u00a0 Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased.<\/p>\n<p align=\"justify\">No Class Has Been Certified.\u00a0\u00a0 Until a class is certified, you are not represented by counsel unless you retain one.\u00a0\u00a0 You may select counsel of your choice.<\/p>\n<p>\n        <strong>Case Allegations<\/strong>\n      <\/p>\n<p align=\"justify\">Atkore is a leading manufacturer of electrical, safety, and infrastructure products, including polyvinyl chloride (\u201cPVC\u201d) water pipes and electrical conduit pipes.\u00a0\u00a0 During the COVID-19 pandemic, shipping costs skyrocketed.\u00a0\u00a0 As a result, foreign PVC pipe manufacturers were unable to profitably sell PVC pipes in the United States.<\/p>\n<p align=\"justify\">The Atkore lawsuit alleges that Defendants made materially false and\/or misleading statements and failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) Atkore engaged in an anticompetitive price-fixing scheme with other U.S.-based PVC pipe manufacturers to artificially inflate the price of PVC pipes; (2) Atkore gained significant, unsustainable financial benefits from such conduct; (3) when the anticompetitive price-fixing scheme was exposed, Atkore and its co-conspirators could no longer artificially inflate the price of PVC pipes, resulting in a dramatic decline in PVC pipe pricing; and (4) Atkore\u2019s business and operations were negatively impacted.<\/p>\n<p align=\"justify\">On July 24, 2024, the short seller firm ManBear published a report titled \u201cPipePrice Fixing\u201d (the \u201cReport\u201d), in which it stated Atkore\u2019s \u201c<strong><em>apparent price fixing has resulted in massively inflated pipe prices and converter margins<\/em><\/strong>.\u201d\u00a0\u00a0 In response, Defendants dismissed the Report\u2019s allegations, stating \u201cthat report is unsubstantiated form the conclusions it tries to make.\u201d<\/p>\n<p align=\"justify\">The truth emerged on February 4, 2025, when Atkore announced its financial results for the first quarter of fiscal year 2025, reporting net sales of $661.6 million \u2013 below analysts\u2019 estimates of $680.7 million \u2013 and significantly reducing its guidance for the rest of fiscal year 2025. In the corresponding earnings call held on that same day, Defendants disclosed that Atkore\u2019s \u201c<strong><em>plastic pipe and conduit product category declined mid-single digits during the quarter<\/em><\/strong>,\u201d and attributed the guidance reduction to Atkore\u2019s PVC business performing poorly, stating, \u201c<strong><em>roughly $75 million or 3\/4 of that is on the PVC side<\/em><\/strong>.\u201d<\/p>\n<p align=\"justify\">On this news, the price of Atkore\u2019s common stock fell by $15.59 per share, or approximately 20%, to close at $64.13 per share on February 4, 2025.<\/p>\n<p align=\"justify\">\n        <strong>About DiCello Levitt<\/strong>\n      <\/p>\n<p align=\"justify\">At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases \u2013 whether by trial, settlement, or otherwise \u2013 for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens\u2019 rights and interests. Every day, we put our reputations \u2013 and our capital \u2013 on the line for our clients.<\/p>\n<p align=\"justify\">DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the <em>National Law Journal<\/em>, in addition to its top-tier <em>Chambers<\/em> and <em>Benchmark<\/em> ratings. The <em>New York Law Journal<\/em> also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p>\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p align=\"justify\">Amy Coker<br \/>4747 Executive Drive, Suite 240<br \/>San Diego, CA 92121<br \/>619-963-2426<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cdQh2g26vcWUEDyGfjvt06SFi4qeSVThh4o9LuNVcdUQmBFurgrxJCbQCmXFzujU65ZTz2bdKqKrajvxkKQofSdYxyJMUME2S9Fb2L1sNsPnGew7memsqxvQm3yNXS29\" rel=\"nofollow\" target=\"_blank\">investors@dicellolevitt.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTczOSM2ODM2Njk2IzIyNzUwODI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/M2MyYzE5YzMtYWZkNy00NjMyLTg5N2MtMTMzMDg2NTk1MjVmLTEyODY2MzItMjAyNS0wMy0yNi1lbg==\/tiny\/DiCello-Levitt-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, March 26, 2025 (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired Atkore, Inc. (NYSE: ATKR) (\u201cAtkore\u201d or the \u201cCompany\u201d) common stock between February 1, 2024 and February 3, 2025 (the \u201cClass Period\u201d), charging the Company and certain current and former senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d). Atkore investors have until April 23, 2025 to seek appointment as lead plaintiff of the Atkore class action lawsuit. If you purchased or acquired Atkore common stock between February 1, 2024 and February 3, 2025, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-atkore-inc-nyse-atkr-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. (NYSE: ATKR); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830290","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. (NYSE: ATKR); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-shareholder-class-action-lawsuit-filed-against-atkore-inc-nyse-atkr-dicello-levitt-llp-encourages-investors-with-losses-to-discuss-their-options-with-counsel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. (NYSE: ATKR); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, March 26, 2025 (GLOBE NEWSWIRE) &#8212; A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired Atkore, Inc. (NYSE: ATKR) (\u201cAtkore\u201d or the \u201cCompany\u201d) common stock between February 1, 2024 and February 3, 2025 (the \u201cClass Period\u201d), charging the Company and certain current and former senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d). Atkore investors have until April 23, 2025 to seek appointment as lead plaintiff of the Atkore class action lawsuit. If you purchased or acquired Atkore common stock between February 1, 2024 and February 3, 2025, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in &hellip; Continue reading &quot;INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. 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(NYSE: ATKR) (\u201cAtkore\u201d or the \u201cCompany\u201d) common stock between February 1, 2024 and February 3, 2025 (the \u201cClass Period\u201d), charging the Company and certain current and former senior executives with violations of the federal securities laws (collectively, \u201cDefendants\u201d). Atkore investors have until April 23, 2025 to seek appointment as lead plaintiff of the Atkore class action lawsuit. If you purchased or acquired Atkore common stock between February 1, 2024 and February 3, 2025, and suffered substantial losses , and you wish to obtain additional information or serve as lead plaintiff in &hellip; Continue reading \"INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. 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