February 12, 2025
Kessler Topaz Meltzer & Chek, LLP acquires Hayward Holdings, Inc. announced the filing of a securities fraud class action lawsuit against

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Kessler Topaz Meltzer & Chek, LLP acquires Hayward Holdings, Inc. announced the filing of a securities fraud class action lawsuit against

REDNOR, Pennsylvania–(Newsfile Corp. – September 2, 2023) – The law firm of Kessler Topaz Meltzer & Chek, LLP (www.ktmc.com) informs investors that Hayward Holdings, Inc. A securities class action lawsuit has been filed against (“Hayward”) (NYSE: HAYW). The action alleges that Hayward Holdings violated federal securities laws, including omission and fraudulent misrepresentation concerning the company’s business, operations and prospects. As a result of Hayward’s misleading statements and omissions to the public, Hayward’s investors have suffered significant losses.

Click here To accumulate his Hayward losses. You can also click or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/hayward-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=hayw&mktm=r

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Lead Plaintiff’s Deadline: October 2, 2023

Class Duration: March 2, 2022 to July 27, 2022

Contact a lawyer to discuss your rights,
Jonathan Naji, Esq. at (484) 270-1453 or via email [email protected]

Kessler Topaz is one of the world’s leading attorneys defending the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly individually recognized as leaders in the field and our firm is feared and respected among both the defense bar and the insurance bar. We pride ourselves on recovering billions of dollars for our clients and the shareholders we represent.

Alleged misconduct at Hayward
During the class period, Hayward management continued to tell investors that the company was experiencing record-setting demand. For example, on March 2, 2022 – the first day of the class period – Hayward issued a press release lauding the company’s “record net sales” for the year, which reportedly “increased 60% year-over-year”. $1,401.8 million.” Respondent Holleran was quoted in the release as saying: “‘We continue to benefit from major secular tailwinds within our industry and with our leading product portfolio and technology we were able to grow our market share at improved profitability levels’ ‘ and “‘are entering’ 2022 with significant momentum.”

The complaint alleges that these and similar representations were materially false and misleading. Unbeknownst to investors, the defendants engaged in a channel-stuffing scheme to artificially inflate the company’s revenue and create the appearance of demand that far exceeded actual demand trends.

On July 28, 2022, Hayward surprised the market when it announced financial results for the second fiscal quarter of 2022. In the report, Hayward revealed that the company was expecting its channel partners to reduce their inventory by about four to six weeks. Second half of 2022. As a result, Hayward slashed its 2022 guidance to reflect the massive inventory reduction in the second half of the year. Additionally, during an earnings call held the same day, Hayward’s CEO acknowledged that the inventory constraint is tied to inventory decisions made “in late 2021”.

Following this news, the price of Hayward’s common stock fell $3.23 per share, or approximately 23.5%, to close at $10.48 per share on July 29, 2022.

what can i do
Hayward can be an investor, not earlier than October 2, 2023, Kessler may approach the Court through Topaz Meltzer & Czech, LLP or other attorney to serve as lead plaintiff for the class, or may choose to do nothing and remain an absentee class member. Kessler Topaz Meltzer & Chek, LLP encourages Hayward investors who have suffered significant losses to contact the firm directly to obtain more information. Hayward, City of Southfield Fire and Police Retirement System v. Hayward Holdings, Inc., et al. The class action complaint, Case Number 23-CV-04146, has been filed in the United States District Court for the District of New Jersey against. Honorable William J. Before Martini.

Click here to sign up for the case

Who can be the main litigant?
The lead plaintiff is a representative party who acts on behalf of all class members in directing the lawsuit. The lead litigant is usually the investor or small group of investors who have the greatest financial interest and who are also substantial and specific to the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class, and these attorneys, if approved by the court, are lead or class counsel. Your ability to participate in any recovery is not affected by the decision of whether or not to serve as lead plaintiff.

About Kessler Topaz Meltzer & Chek, LLP
Kessler Topaz Meltzer & Czech, LLP litigates class actions in state and federal courts across the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by one common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciary institutions. The complaint in this action was not filed by Kessler Topaz Meltzer & Czech, LLP. For more information about Kessler Topaz Meltzer & Chek, LLP, please visit www.ktmc.com.

contact:
Kessler Topaz Meltzer & Chek, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radner, PA 19087
(484) 270-1453
[email protected]

To view the source version of this press release, please visit

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