Grabar Law Office Investigates Claims for Shareholders of Atkore Inc., Crocs, Methode Electronics, and Ocugen
Grabar Law Office has announced an investigation into potential claims on behalf of long-term shareholders of Atkore Inc. (NYSE: ATKR), Crocs, Inc. (NASDAQ: CROX), Methode Electronics, Inc. (NYSE: MEI), and Ocugen, Inc. (NASDAQ: OCGN). The focus of the investigation is whether the management of these companies has violated their fiduciary duties.
Atkore Inc. Investigation
As of February 24, 2025, Grabar Law Office is looking into claims concerning Atkore Inc. This investigation centers around allegations that some officers of the company may have breached their fiduciary responsibilities. Current shareholders who have owned Atkore stock since February 1, 2024, or those who purchased shares between February 1, 2024, and February 3, 2025, are urged to reach out for more information about their potential claims.
Allegations Against Atkore
The investigation follows a securities fraud class action lawsuit that claims Atkore's executives misled shareholders by failing to disclose essential facts about the company's operations. Specifically, it is alleged that Atkore participated in a price-fixing scheme that inflated the prices of PVC pipes. The report notes that as the illicit practices were revealed, Atkore suffered significant financial losses, leading to a marked decline in stock prices and earnings guidance.
On February 4, 2025, Atkore published its financial results for the first quarter, disclosing lower-than-expected sales figures and revised down guidance, which contributed to a nearly 20% drop in stock prices.
Crocs, Inc. Investigation
In addition to Atkore, Grabar Law is also investigating claims involving Crocs, Inc. Current Crocs shareholders who acquired their shares before November 3, 2022, can seek corporate reforms and may be eligible for returns regarding litigation expenses. The investigation stems from concerns surrounding Crocs' acquisition of HEYDUDE, with litigation alleging misrepresentation regarding the sustainability of HEYDUDE's revenue.
Methode Electronics Investigation
Next, Methode Electronics, Inc. is under scrutiny. Shareholders of Methode who held shares before June 23, 2022, are invited to inquire about their rights regarding corporate reforms and potential recovery options at no cost. The allegations against Methode point to misleading statements regarding operational challenges and performance issues that emerged during the transition to a new production model.
Ocugen, Inc. Investigation
Finally, Grabar Law Office is also investigating Ocugen, Inc. Shareholders who have retained shares since before May 8, 2020, are encouraged to explore their potential claims. The investigation includes allegations that Ocugen's financial statements were inaccurate due to undisclosed accounting errors, leading to a securities fraud class action lawsuit.
For more information on any of these investigations, shareholders are urged to visit the relevant pages or contact Joshua Grabar directly.
lawsuit, investigation, shareholders