The Schall Law Firm Announces Class Action Lawsuit Against Atkore Inc.
Los Angeles, CA – The Schall Law Firm, a renowned national shareholder rights litigation firm, alerts the public about a class action lawsuit filed against Atkore Inc. (“Atkore” or “the Company”) (NYSE: ATKR) for alleged violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. This lawsuit is on behalf of all persons who bought Atkore securities during the period from February 1, 2024, to February 3, 2025, inclusive (the “Class Period”).
Background on Atkore Inc.
Atkore Inc. is a leading manufacturer of electrical and mechanical products, providing solutions for building infrastructure and industrial applications. The Company’s portfolio includes products for electrical raceway and cable management, pipe protection and support, and engineered products.
Alleged Securities Law Violations
According to the complaint, Atkore made false and misleading statements to the market throughout the Class Period. Specifically, the Company issued misleading statements regarding its financial condition, business prospects, and compliance with applicable laws and regulations. These statements were made in various filings with the Securities and Exchange Commission (“SEC”), press releases, and conference calls with investors.
Impact on Atkore Investors
As a result of this alleged deception, Atkore’s securities traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of Atkore securities significantly declined, causing harm to investors.
Class Members
If you are a member of the class, you may be entitled to recover your losses, including damages. To be eligible for recovery, you must have purchased Atkore securities during the Class Period. You may contact The Schall Law Firm for more information on the class action lawsuit.
Global Implications
This lawsuit is a reminder of the importance of truthful and accurate financial reporting for publicly traded companies. Misrepresentations in financial statements can lead to significant losses for investors, both in the U.S. and globally. Investors should remain vigilant and consult with legal counsel when necessary to protect their interests.
Conclusion
The Schall Law Firm’s class action lawsuit against Atkore Inc. highlights the need for transparency and truthfulness in financial reporting. If you are an investor who purchased Atkore securities during the Class Period, you may be entitled to compensation. Contact The Schall Law Firm for more information on the class action lawsuit and your potential recovery.
- Atkore Inc. is a leading manufacturer of electrical and mechanical products
- A class action lawsuit has been filed against Atkore for alleged securities law violations
- The lawsuit alleges that Atkore made false and misleading statements during the Class Period
- These statements artificially inflated the price of Atkore securities
- Class members are encouraged to contact The Schall Law Firm for more information on the class action lawsuit
- This lawsuit is a reminder of the importance of truthful financial reporting for publicly traded companies
