LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Hayward Holdings, Inc. (“Hayward” or “the Company”) (NYSE: HAYW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Hayward admitted on July 28, 2022, that its channel partners planned to reduce their inventory on hand in the second half of 2022 to about 4 to 6 weeks of stock. The Company disclosed that this inventory change at its partners would result in a sales decline of between 2% and 6% year-over-year when it had previously provided guidance of a sales increase of 9% to 12% for the year. Based on these facts, shares of Hayward dropped by almost 18% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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