According to the Complaint, Hayward Holdings, Inc. is a global designer, manufacturer, and marketer of a broad portfolio of pool equipment and associated automated systems.

The Complaint alleges Defendants throughout the Class Period 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 December 19, 2023, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. All future docketing was ordered to be done in the lead case 23-CV-04146.

Lead Plaintiff filed a Consolidated Complaint on March 4, 2024. Defendants filed Motions to Dismiss the Consolidated Complaint on May 3. On October 2, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiff was given leave to amend the Complaint.

Lead Plaintiff filed a Consolidated Amended Complaint on November 1. Defendants filed a Motion to Dismiss the Consolidated Amended Complaint on December 18. On June 4, 2025, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.