NEW
YORK, Sept. 26, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Hayward
Holdings, Inc..
Shareholders who purchased shares of HAYW during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/hayward-loss-submission-form-2/?id=49225&from=4
CLASS PERIOD: March 2, 2022
to July 27, 2022
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a) Hayward
and its management had engaged in a channel-stuffing scheme
designed to artificially boost Hayward's short-term sales and
earnings; (b) Hayward had flooded its channel partners with
inventory that they did not want or need at a level that far
outpaced then-existing consumer demand; (c) Hayward's channel
partners were suffering from an inventory glut as a result of the
channel-stuffing scheme that would require a massive destocking in
the second half of 2022; (d) Hayward's channel-stuffing scheme had
cannibalized future sales, materially impairing the Company's
ability to sell to its customers; (e) 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 (f) as a
result of (a)-(e) above, Hayward's projected 2022 financial results
were not achievable and lacked a reasonable basis in fact.
DEADLINE: October 2, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/hayward-loss-submission-form-2/?id=49225&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of HAYW during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is October 2, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
