Important Information for Atkore Inc. (ATKR) Stock Purchasers: Rosen Law Firm Announces Class Action Lawsuit and Lead Plaintiff Deadline
New York, April 9, 2025. Rosen Law Firm, a leading 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. The lawsuit alleges that Atkore Inc. and certain of its top executives made materially false and misleading statements and failed to disclose material information during the Class Period, thereby violating the federal securities laws.
Background
Atkore Inc. is a manufacturer of electrical and mechanical products, including wire and cable, electrical boxes, and pipe protection. The company operates in various end markets, including construction, industrial, and utility. Atkore’s stock price reached a high of $36.85 per share on November 1, 2022.
The Allegations
The lawsuit alleges that Atkore and certain of its executives made false and misleading statements and failed to disclose material information regarding the company’s financial condition and business prospects. Specifically, it is alleged that the defendants failed to disclose: (1) that the company was experiencing significant supply chain disruptions and inflationary pressures, (2) that the company’s gross margins were under pressure due to higher raw material costs, (3) that the company’s operating income was declining, and (4) that the company was experiencing weaker demand in certain end markets.
The Impact on Atkore Stockholders
As a result of the above alleged false and misleading statements, Atkore’s stock price was artificially inflated during the Class Period. When the truth was revealed, the stock price dropped significantly, causing substantial harm to investors.
Impact on the Wider Community
The consequences of such alleged misconduct can extend beyond the affected investors. False and misleading statements can erode trust in the capital markets and undermine investor confidence. This can impede the ability of companies to raise capital and can ultimately harm the broader economy.
Lead Plaintiff Deadline
If you purchased Atkore common stock during the Class Period and wish to serve as lead plaintiff, you must apply to the Court no later than April 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Contact Information
Rosen Law Firm encourages investors to contact the firm directly to discuss their potential loss and learn more about the class action. You may also contact the firm through the following channels:
- Laurence Rosen, Esq.:
- Email: [email protected]
- Phone: (212) 686-1060
- Fax: (212) 202-3827
- Web: www.rosenlegal.com
Rosen Law Firm is committed to protecting investors’ rights and recovering damages for their losses. The firm represents investors around the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Conclusion
The announcement of a class action lawsuit against Atkore Inc. and certain of its top executives serves as a reminder of the importance of accurate and transparent financial reporting. Misrepresentations and omissions can cause significant harm to investors and undermine trust in the capital markets. If you believe you may have been affected by such alleged misconduct, contact Rosen Law Firm to discuss your potential loss and learn more about the class action.
It is essential for investors to remain vigilant and informed about potential misconduct in the companies they invest in. By working together and holding those responsible for such misconduct accountable, we can help ensure a fair and transparent capital market for all.
