Important Information for Atkore Inc. (ATKR) Stockholders: Rosen Law Firm Reminds Investors of the Upcoming Lead Plaintiff Deadline
New York, NY – April 15, 2025
Rosen Law Firm, a global investor rights law firm, reminds purchasers of Atkore Inc. (NYSE: ATKR) common stock between August 2, 2022, and February 3, 2025 (the “Class Period”), of the significant April 23, 2025 lead plaintiff deadline. If you purchased Atkore common stock during the Class Period, you may be entitled to compensation without any out-of-pocket fees or costs through a contingency fee arrangement.
Background
Atkore is a leading manufacturer of electrical and mechanical products in North America. The Company provides a diverse range of products and services, including electrical and mechanical tubing and fittings, cable trays, and cable management products. Atkore operates through two segments: Electrical and Mechanical Products (“EMP”) and Engineered Products (“EP”).
The Allegations
The securities fraud class action lawsuit alleges that Atkore and certain of its executives made materially false and misleading statements regarding the Company’s business, operational, and financial metrics. Specifically, the complaint alleges that defendants failed to disclose: (1) that Atkore was experiencing significant supply chain disruptions; (2) that these disruptions were negatively impacting the Company’s ability to meet customer demand and fulfill orders; and (3) that, as a result of the foregoing, Atkore’s financial statements were materially false and misleading at all relevant times.
The Impact on Atkore Stockholders
As a result of this alleged securities fraud, Atkore stockholders have suffered significant losses. The price of Atkore common stock declined from a high of $27.46 per share on August 2, 2022, to a low of $13.99 per share on February 3, 2025. This decline represents a total loss of over $1.5 billion for Atkore stockholders.
The Potential Compensation for Atkore Stockholders
If you purchased Atkore common stock during the Class Period, you may be entitled to compensation. The lead plaintiff deadline to file a motion for appointment as lead plaintiff is April 23, 2025. If you wish to serve as lead plaintiff, you must meet certain legal requirements. To eligible for compensation without payment of any out-of-pocket costs or fees, you must be a member of the class. The class is defined as all persons or entities that purchased Atkore common stock during the Class Period.
The Impact on the World
The alleged securities fraud at Atkore is a reminder of the importance of transparency and accuracy in corporate disclosures. The consequences of misleading statements can be severe, not only for the affected investors but also for the broader financial markets. The securities fraud class action lawsuit against Atkore is an important step in holding the Company and its executives accountable for their actions.
Conclusion
If you purchased Atkore common stock during the Class Period and wish to be part of the securities fraud class action lawsuit, you must file a motion for appointment as lead plaintiff by April 23, 2025. This deadline is significant, as the lead plaintiff has the power to direct the litigation and negotiate a settlement on behalf of the entire class. If you are unable to serve as lead plaintiff, you may still be eligible for compensation if you are a member of the class.
The alleged securities fraud at Atkore is a reminder of the importance of transparency and accuracy in corporate disclosures. The consequences of misleading statements can be severe, not only for the affected investors but also for the broader financial markets. The securities fraud class action lawsuit against Atkore is an important step in holding the Company and its executives accountable for their actions.
For more information about the class action lawsuit against Atkore, please contact Laurence J. Rosen, Esq. or Deirdre Rowe of Rosen Law Firm at 866-767-3653 or [email protected] or visit the firm’s website at www.rosenlegal.com for information on the class action cases we are actively pursuing.
- Class Period: August 2, 2022 – February 3, 2025
- Lead Plaintiff Deadline: April 23, 2025
- Potential Compensation: Without out-of-pocket costs or fees
- Class Definition: All persons or entities that purchased Atkore common stock during the Class Period
