Important Information for Atkore Inc. Investors: Securities Class Action Announced
On April 3, 2025, Lieff Cabraser Heimann & Bernstein, LLP, a renowned national plaintiffs law firm, took the initiative to encourage investors of Atkore Inc. (“Atkore” or the “Company”) (previously known as Atkore International Group Inc.) who made purchases of Atkore common stock between August 2, 2022, and February 3, 2025, inclusive (the “Class Period”), to contact the firm regarding a pending securities class action lawsuit against Atkore. Investors who wish to act as lead plaintiffs in this case have until April 23, 2025, to apply.
Background on Atkore Inc.
Atkore Inc. is a leading manufacturer of building products and solutions. The Company’s portfolio includes electrical and mechanical products, as well as water management solutions. Atkore operates in various end markets, such as residential, commercial, and industrial.
The Securities Class Action Lawsuit
The securities class action lawsuit alleges that Atkore and certain of its executives violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, the complaint asserts that Atkore failed to disclose material information about various issues, including:
- An investigation by the Securities and Exchange Commission (“SEC”) into the Company’s accounting practices;
- Substantial declines in the Company’s revenue and earnings;
- A significant decline in the Company’s stock price, which occurred between August 2022 and February 2025.
Impact on Individual Investors
If you are an Atkore investor who purchased the Company’s common stock during the Class Period, you may be entitled to compensation. The securities class action lawsuit seeks to recover damages on behalf of all affected investors. To learn more about your potential recovery and how to participate in the case, contact Lieff Cabraser Heimann & Bernstein, LLP as soon as possible.
Impact on the World
The securities class action lawsuit against Atkore is significant because it highlights the importance of transparency and accuracy in financial reporting. Companies like Atkore have a responsibility to provide their investors with truthful and complete information. When this trust is breached, it can lead to substantial financial losses for individual investors and negative consequences for the broader financial markets.
Conclusion
If you are an Atkore investor who purchased the Company’s common stock between August 2, 2022, and February 3, 2025, and believe you may be entitled to compensation as a result of the securities class action lawsuit, contact Lieff Cabraser Heimann & Bernstein, LLP promptly. The deadline to apply to act as lead plaintiff is April 23, 2025. By taking action now, you may be able to help ensure that those responsible for any potential securities law violations are held accountable.
This news serves as a reminder of the importance of companies maintaining transparency and accuracy in their financial reporting. The securities class action lawsuit against Atkore not only affects individual investors, but it also has broader implications for the financial markets as a whole.
