ATKR Investors: Final Deadline Looms in Price-Fixing Class Action Lawsuit

With just three days remaining until the April 23, 2025, deadline, investors in Atkore Inc. (NYSE: ATKR) face a critical decision: seek representation in a high-stakes securities class action lawsuit or risk losing the opportunity to hold the company accountable for alleged antitrust violations. The case, led by law firm Kessler Topaz Meltzer & Check, LLP, centers on claims that Atkore participated in a price-fixing scheme that artificially inflated PVC pipe prices—a revelation that could reshape investor confidence in the company’s financial health.

The Allegations: A Scheme to Manipulate Markets

The lawsuit accuses Atkore of colluding with competitors to fix prices of PVC pipes—used in both water infrastructure and electrical conduit systems—during the period from August 2, 2022, to February 3, 2025. Plaintiffs argue that this anticompetitive conduct allowed Atkore to report artificially inflated revenue and profits, while concealing the unsustainable nature of these gains. Key claims include:
- False Statements: Management allegedly assured investors of strong demand and operational efficiency, even as the company allegedly relied on illegal collusion to maintain high prices.
- Market Collapse: Once the scheme unraveled, PVC pipe prices plummeted, exposing the company’s reliance on unethical practices and triggering a sharp decline in revenue and stock price.

The complaints further allege that Atkore’s leadership failed to disclose the risks of regulatory scrutiny or the potential fallout from antitrust investigations, misleading shareholders about the company’s true financial trajectory.

ATKR’s Stock Performance: A Mirror of the Alleged Scheme

The stock’s trajectory offers clues about the market’s reaction to the allegations. During the Class Period, ATKR’s shares fluctuated within a range of $25–$40, but began a steady decline in early 2024 as antitrust investigations intensified. By February 2025, the stock had fallen to around $22 per share—a drop of over 40% from its peak—a stark indicator of investor skepticism.

Why the Deadline Matters

Investors who purchased ATKR shares between August 2022 and February 2025 may qualify to join the lawsuit or seek lead plaintiff status. The lead plaintiff acts as the class’s representative, with selection criteria emphasizing financial losses and alignment with the case’s goals. Even those who opt out of participation remain eligible to share in any settlement or judgment.

The Broader Implications for Investors

The case underscores a growing trend of legal action against companies accused of manipulating markets to boost short-term profits. PVC pipes are a critical component of infrastructure projects, and a price-fixing scandal in this sector could have ripple effects across industries reliant on these materials. For investors, the lawsuit serves as a reminder to scrutinize corporate disclosures for red flags, such as sudden profit spikes or unexplained market dominance in competitive industries.

Conclusion: A Crossroads for ATKR Investors

As the April 23 deadline approaches, investors holding ATKR shares must act swiftly. The evidence presented in the lawsuit—coupled with ATKR’s stock decline—suggests a strong case for material misrepresentation and antitrust violations. With Kessler Topaz’s track record of recovering billions for plaintiffs, the stakes are high for both shareholders and the company itself.

The data paints a clear picture: if the allegations hold, Atkore’s actions not only violated antitrust laws but also misled investors about its financial sustainability. For those who act before the deadline, this case represents an opportunity to seek justice—and potentially recoup losses—in a market increasingly intolerant of corporate misconduct.

Investors are urged to contact the law firm promptly via Jonathan Naji, Esq., at (484) 270-1453 or info@ktmc.com to explore their options. The clock is ticking.