The securities class action lawsuit against Atkore Inc. has seen its class period expanded, now covering investors who purchased shares between August 2, 2022, and February 3, 2025. This update was announced by The Gross Law Firm, which is representing shareholders.
The core allegations remain that Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes. The complaint asserts that the company derived unsustainable financial benefits from this alleged conduct.
As the alleged price-fixing scheme became exposed, the price of PVC Pipes reportedly decreased substantially, negatively impacting Atkore's business and operations. The lawsuit claims that the company's positive statements about its business were materially false and misleading during the expanded class period.
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