Overview

A class action lawsuit has been filed against Atkore Inc. (“Atkore” or the “Company”) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The Company’s common stock trades on the New York Stock Exchange under the ticker symbol “ATKR.”

The Atkore class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Atkore common stock between February 1, 2024, and February 3, 2025, both dates inclusive (the “Class Period”).

Headquartered in Harvey, Illinois, Atkore is a leading manufacturer of electrical, safety, and infrastructure products.  The Company offers products used in the construction of electrical power systems, including metal electrical conduit and fittings, plastic pipe conduit and fittings, electrical cable and flexible conduit, and plastic pipes for water systems.

Notably, Atkore’s plastic pipes and pipe conduits are made from PVC, one of the most widely used plastic polymers.  Commodity products like PVC Pipes have been under heightened scrutiny as the U.S. Department of Justice has increased its efforts to examine anticompetitive practices in supply chains following disruptions and price surges attributed to the COVID-19 pandemic.

During the COVID-19 pandemic, shipping costs skyrocketed.  As a result, foreign PVC Pipe manufacturers found themselves unable to profitably sell PVC Pipes in the United States.  Atkore and other U.S.-based PVC Pipe manufacturers took advantage of the absence of foreign competition, exchanging confidential and competitively sensitive data in order to artificially inflate PVC Pipe pricing.  Leading up to the Class Period, shipping prices returned to normal levels following the pandemic, which led foreign PVC Pipe manufacturers to gradually re-enter the market.  Beginning in late 2022, as the sales price of PVC Pipes began declining, Atkore informed investors that “part of the pricing outperformance that we’ve enjoyed over the past several years has started to normalize.”

The Atkore class action lawsuit alleges that Defendants, throughout the Class Period, repeatedly claimed that the post-pandemic PVC Pipe price declines were based only on normal supply and demand competition and assured the market that Atkore would continue to be successful in a competitive post-COVID market.  Defendants had failed to disclose that: (1) Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes; (2) Atkore reaped significant, unsustainable financial benefits from its anticompetitive conduct; (3) as Atkore’s price-fixing scheme was exposed, the Company 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; (4) Atkore’s business and operations were negatively impacted; and (5) as a result, Defendants’ positive statements Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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If you purchased or otherwise acquired Atkore common stock between February 1, 2024, and February 3, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Atkore class action lawsuit is April 23, 2025.