Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Atkore Inc.
On March 28, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a prominent securities litigation law firm, announced the filing of a class action lawsuit against Atkore Inc. (NYSE: ATKR) and certain of its executives (collectively, “Defendants”).
Class Definition
The lawsuit alleges that during the Class Period, from August 2, 2022, to February 3, 2025, Defendants made materially false and misleading statements regarding Atkore’s business, operations, and financial condition. Specifically, the complaint asserts that the Defendants failed to disclose:
- The Company’s internal control over financial reporting was not effective;
- Atkore had identified material weaknesses in its financial reporting;
- The Company’s financial statements contained errors;
- The Company’s financial results were inflated due to certain revenue recognition practices;
- The Company’s top executives knew or should have known about these issues.
As a result of these alleged misrepresentations, Atkore securities traded at artificially inflated prices during the Class Period, causing investors harm.
Impact on Individual Investors
If you purchased or otherwise acquired Atkore securities during the Class Period and suffered a loss, you may be eligible to recover your damages. It is essential to consult with a securities attorney to discuss your legal rights and potential remedies.
Global Consequences
The filing of this class action lawsuit against Atkore may have far-reaching consequences. The securities industry relies on accurate and transparent reporting to maintain investor confidence. When companies fail to live up to their reporting obligations, it can damage the reputation of the entire industry. Moreover, it may lead to increased regulatory scrutiny and potential legislation aimed at improving corporate governance and financial reporting standards.
Conclusion
Investors who purchased Atkore securities during the Class Period should be aware of the potential implications of this lawsuit. If the allegations are proven, they may be entitled to recover their losses. The outcome of this case may also have broader implications for the securities industry as a whole. As always, it is crucial to consult with a securities attorney to discuss your legal rights and potential remedies.
Bronstein, Gewirtz & Grossman, LLC, with offices in New York, Chicago, and Washington D.C., is a leading securities litigation law firm representing investors nationwide. Our securities attorneys have recovered billions of dollars for investors harmed due to corporate fraud, securities fraud, and other deceptive business practices.
If you are a victim of securities fraud, or have questions about your rights as an investor, please contact us today. You may be entitled to recover your losses. Our consultation is free, and there is no cost or obligation to you unless we recover for you.
Contact us today at (212) 697-1001 or [email protected].
