Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Atkore Inc.
New York, NY – In a significant development, Bronstein, Gewirtz & Grossman, LLC, a distinguished law firm, announced on March 21, 2025, that a class action lawsuit has been initiated against Atkore Inc. (“Atkore” or “the Company”) (NYSE:ATKR) and certain of its officers. The lawsuit alleges that the Company and its officers violated federal securities laws, affecting all persons and entities that purchased or otherwise acquired Atkore securities during the period from August 2, 2022, to February 3, 2025.
Class Period and Securities Allegedly Involved
The class definition for this lawsuit covers the August 2, 2022, to February 3, 2025, period (both dates inclusive), which is referred to as the “Class Period.” During this period, Atkore securities were publicly traded on the New York Stock Exchange under the symbol ATKR.
Allegations and Violations
The complaint, filed in the United States District Court for the Southern District of New York, alleges that Atkore and its officers made false and misleading statements and failed to disclose material information to investors regarding the Company’s business, operations, and financial condition. Specifically, the lawsuit alleges that the defendants made false and misleading statements regarding the Company’s revenue growth, earnings, and financial results.
Impact on Investors
As a result of the defendants’ alleged misconduct, the price of Atkore securities was artificially inflated during the Class Period. When the truth was revealed, the price of Atkore securities declined significantly, causing substantial losses to investors. The class action lawsuit seeks to recover damages on behalf of these affected investors.
Global Implications
The filing of this class action lawsuit against Atkore has potential implications beyond the United States. Institutional and retail investors from various parts of the world, including Europe, Asia, and the Middle East, may have purchased Atkore securities during the Class Period, making them potential class members. The lawsuit could result in significant financial recoveries for these investors, potentially leading to improved market transparency and investor confidence.
Conclusion
The class action lawsuit filed against Atkore Inc. and its officers by Bronstein, Gewirtz & Grossman, LLC, is a significant development for investors who purchased Atkore securities during the August 2, 2022, to February 3, 2025, period. The lawsuit alleges that the defendants violated federal securities laws, potentially misleading investors and artificially inflating the price of Atkore securities. The lawsuit could result in substantial financial recoveries for affected investors, with potential implications for investors worldwide. As the case progresses, investors are encouraged to monitor developments closely.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Atkore Inc. and certain officers.
- Allegations of violations of federal securities laws during the August 2, 2022, to February 3, 2025, period.
- Potential impact on investors: significant financial recoveries.
- Global implications: potential recoveries for investors worldwide.
