Important Investor Alert: Lieff Cabraser Announces Securities Class Action Against Atkore Inc.
San Francisco, CA – March 11, 2025
National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP announces that a securities class action has been filed against Atkore Inc. (“Atkore” or the “Company”) (NYSE:ATKR). The complaint, which was filed in the United States District Court for the Northern District of Illinois, alleges that Atkore and certain of its officers and directors violated federal securities laws by making false and misleading statements and/or failing to disclose material adverse information to investors.
Class Period and Lead Plaintiff Deadline
The class action covers investors who purchased Atkore common stock between February 1, 2024, and February 3, 2025, inclusive (the “Class Period”). The lead plaintiff deadline to apply to be a representative of the class is April 23, 2025.
Allegations Against Atkore
According to the complaint, Atkore made false and/or misleading statements and/or failed to disclose material adverse information to investors during the Class Period. Specifically, the complaint alleges that Atkore failed to disclose: (i) that the Company’s financial statements for the fourth quarter of 2023 and full year 2023 contained material errors; (ii) that the Company was experiencing significant operational challenges, including supply chain disruptions and labor shortages; and (iii) that the Company’s financial projections for 2024 were overstated.
Impact on Investors
As a result of these alleged misrepresentations, Atkore’s stock traded at artificially inflated prices during the Class Period, causing investors harm. If you purchased Atkore common stock during the Class Period, you may be entitled to compensation.
Impact on the World
The securities class action against Atkore is significant because it highlights the importance of accurate financial reporting and transparency for publicly traded companies. The allegations of material errors in Atkore’s financial statements and failure to disclose operational challenges could have far-reaching consequences for investors, as well as the broader financial markets. It also underscores the need for vigilant oversight of corporate reporting and disclosure practices.
Contact Lieff Cabraser
If you purchased Atkore common stock during the Class Period, you have until April 23, 2025, to apply to be a lead plaintiff in this class action. Please contact Lieff Cabraser at [email protected] or use the contact form on our website to learn more about your rights as an investor.
Conclusion
Lieff Cabraser is committed to ensuring that corporations are held accountable for providing accurate and truthful information to investors. If you believe that you have been harmed as a result of Atkore’s alleged misrepresentations, we encourage you to contact us to learn more about your legal rights and potential remedies.
The securities class action against Atkore serves as a reminder to all investors to carefully review the financial reports and disclosures of the companies they invest in, and to seek legal advice if they suspect any wrongdoing.
- Atkore securities class action filed in the United States District Court for the Northern District of Illinois
- Allegations of false and misleading statements and failure to disclose material adverse information
- Class Period: February 1, 2024, to February 3, 2025
- Lead plaintiff deadline: April 23, 2025
- Potential impact on investors: artificially inflated stock prices
- Potential impact on the world: importance of accurate financial reporting and transparency
