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0.000887850467289679 0.000887850467289679 0.000519210799584602 0.000519210799584602 0.00259605399792316 0.00134994807891999 -0.000104880581516183 -0.000519210799584749
Stock impact report

Contractor accuses PVC pipe makers of price-fixing [Yahoo! Finance]

Atkore Inc. (ATKR) 
Last atkore inc. earnings: 8/7 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.atkore.com
Company Research Source: Yahoo! Finance
District Court for Northern Illinois, accusing several major PVC pipe manufacturers of conspiring to overcharge municipal and commercial buyers. The lawsuit, filed by George Bavolak, owner of Metropolitan Energy Service in Minnesota, alleges that companies like Westlake, Atkore, Otter Tail (NASDAQ:OTTR) and others began a price-fixing scheme in 2021. It is alleged that the companies started to fix prices by sharing competitively sensitive data with industry publication OPIS to unlawfully coordinate pricing. The pipes in question are used for drinking water and protecting bundled wires. Reuters said that the lawsuit, which is seeking class action status, accuses the defendants of violating U.S. antitrust laws. The publication said OPIS is also named as a defendant in the case. In response to the lawsuit, Otter Tail, one of the companies accused, stated that it will "vigorously" fight the claims. However, Reuters noted that Westlake, Atkore, JM Eagle, and OPIS have not yet r Show less Read more
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