According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of polyvinyl chloride (“PVC”) water pipes and electrical conduit pipes (together, “PVC Pipes”);
- in turn, Atkore reaped significant, unsustainable financial benefits from its anticompetitive conduct;
- as Atkore’s price-fixing scheme was exposed, Atkore and its price fixing co-conspirators were no longer able to artificially inflate the price of PVC Pipes, resulting in a substantial decrease in the price of PVC Pipes;
- Atkore’s business and operations were negatively impacted; and
- as a result of the above, defendants’ positive statements about Atkore’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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