Atkore Inc. (ATKR) Form 8-K — Jun 3, 2026
Atkore Inc. has entered into a settlement agreement with the third putative class of plaintiffs in the In re PVC Pipe Antitrust Litigation, agreeing to pay $50 million to resolve all claims by End User Plaintiffs. This follows previous settlements with two other classes in April 2026, effectively concluding the company's direct exposure to the private class action portion of the antitrust lawsuit. The $50 million payment will be recorded as a non-operating expense in the quarter ending June 26, 2026, and is expected to be funded from available cash on hand.
Key figures
- Dollar Amounts
- [{"amount":"$50 million","context":"Aggregate settlement payment to End User Plaintiffs"}]
- Payment timing
- On or about 21 days after preliminary court approval
- Settlement date
- June 3, 2026
- Accounting treatment
- Non-operating expense in quarter ending June 26, 2026
Price after filing
Close on the filing date to close N calendar days later (from $85.02). Historical, not a forecast.
AI analysis
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