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ATKR.US
id: 1505
Atkore (ATKR) PVC Price-Fixing and Market Manipulation Case
N.D. Illinois
Court1:25-cv-01851
Case number02/01/2024
Class period Start02/03/2025
Class period End04/22/2025
Lead Plaintiff motion deadline- $ATKR investors filed a lawsuit against Atkore, alleging the company engaged in an illegal price-fixing scheme for PVC pipes while misleading shareholders about its market position and financial stability.
- On February 4, 2025, Atkore reported lower-than-expected Q1 2025 revenue and significantly cut its full-year guidance. Following this news, $ATKR dropped 20%.
Case Details:
Between February 1, 2024, and February 3, 2025, Atkore assured investors that its PVC pipe pricing remained strong due to product quality and market position, downplaying risks of declining demand and competition.
However, Atkore failed to disclose its involvement in a price-fixing scheme. Reports revealed that the company had coordinated pricing actions with competitors, artificially inflating PVC prices even as supply chains normalized.
On July 24, 2024, a short-seller report accused Atkore of colluding with other manufacturers to keep PVC prices high. The company denied the claims, but by August 2024, multiple antitrust lawsuits were filed, alleging that Atkore manipulated pricing through secret data-sharing agreements.
On February 4, 2025, Atkore missed Q1 2025 revenue estimates and cut full-year guidance, citing a steep drop in PVC prices.
Following this news, $ATKR fell 20%.
Based on these events, $ATKR investors filed a lawsuit against Atkore, claiming the company:
- It engaged in a price-fixing scheme to artificially inflate PVC pipe prices.
- It misled investors about the sustainability of its pricing strategy and financial outlook.
Investors believe Atkore manipulated the PVC pipe market while downplaying legal and financial risks, leading to significant losses when the truth was revealed.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/04/2025
Filing date
02/21/2025
Lead Plaintiff Deadline
04/22/2025