Hayward Holdings, Inc.
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Hayward Holdings, Inc. ("Hayward Holdings" or the "Company") on behalf of stockholders. A class action complaint has been filed against Hayward Holdings. The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) Hayward Holdings and its management had engaged in a channel-stuffing scheme designed to artificially boost Hayward Holdings' short-term sales and earnings; (ii) Hayward Holdings had flooded its channel partners with inventory that they did not want or need at a level that far outpaced then-existing consumer demand; (iii) Hayward Holdings' channel partners were suffering from an inventory glut as a result of the channel-stuffing scheme that would require a massive de-stocking in the second half of 2022; (iv) Hayward Holdings' channel-stuffing scheme had cannibalized future sales, materially impairing Hayward Holdings' ability to sell to its customers; (v) the demand for pool equipment had slowed down, which, combined with flooding channel partners with more inventory, led to an inventory glut and the need for these channel partners to reduce inventory levels; and (vi) as a result of the above, Hayward Holdings' projected 2022 financial results were not achievable and lacked a reasonable basis in fact. On July 28, 2022, Hayward Holdings announced financial results for the second fiscal quarter of 2022. As a result, the price of Hayward Holdings common stock fell nearly 24%.