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HAYW.US

id: 798

Hayward Holdings ($HAYW) $19.8M Settlement

Eligible claimants can submit their claims for compensation.

$19,850,000

Cash Settlement

D. New Jersey

Court

2:23-cv-04146

Case number

10/27/2021

Class period Start

07/28/2022

Class period End

06/19/2026

Claim deadline

Hayward Holdings has reached a $19.8M settlement with $HAYW investors to resolve claims that it misled them about inventory levels in its distribution channels following its 2021 IPO.

Outline:

Hayward went public in March 2021 while highlighting strong demand and growth in the pool equipment market. Investors later alleged the company failed to disclose that distributors were stockpiling excess inventory. When Hayward revealed channel inventory was elevated, and demand was softening, the stock fell sharply. Investors sued over the alleged misstatements, and the company later settled.

Timeline:

March 2021: Hayward completed its IPO, raising over $685 million.
Throughout 2021: Hayward highlighted strong demand and growth in the pool industry.
July 28, 2022: Hayward disclosed elevated channel inventory and softening demand.
July 29, 2022: $HAYW fell nearly 24% following the disclosure.
2023: Investors filed suit alleging misstatements tied to inventory trends and sales visibility.
January 2026: Hayward reached a tentative settlement to resolve the claims.

Background:

Hayward is a manufacturer of pool equipment that went public in early 2021. During investor calls and filings throughout its first year as a public company, the company attributed strong revenue growth to end-market demand and product innovation.

Investors later alleged that a significant portion of that growth was driven by distributors stockpiling excess inventory rather than true underlying demand. According to the claims, this dynamic was not adequately disclosed to investors.

In July 2022, Hayward acknowledged that its distribution partners had accumulated elevated inventory and were reducing new orders to work through existing stock. The company also cut its full-year guidance as demand softened.

Investors argued these disclosures revealed that earlier statements about demand strength and sales visibility were misleading, which contributed to a sharp decline in $HAYW and shareholder losses.

What Can Investors Expect Now?

Hayward Holdings has reached a settlement with $HAYW investors to resolve claims tied to disclosures about distributor inventory levels and demand trends following its 2021 IPO.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.

Case Type

US Securities Class Action

Case Status

Accepting Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management,

Service Provider

Security Type

Stocks

Trade Direction

Long

Filing date

08/02/2023

Lead Plaintiff Deadline

10/02/2023

Plaintiffs

City of Southfield Fire and Police Retirement System

Attorneys

Robbins Geller Rudman & Dowd LLP (Melville, NY), Seeger Weiss LLP (Ridgefield Park, NJ), VanOverbeke Michaud & Timmony, P.C. (Detroit, MI)

Defendants

Kevin Holleran, Eifion Jones

Judge

Hon. William J. Martini

Administrator

A.B. Data Ltd

Court hearing date

07/28/2026

Exclusion deadline

05/20/2026

Objection deadline

05/20/2026

Hearing deadline

05/20/2026

Attorney fee

$6,881,005

Trades matching type

FIFO

Frequently Asked Questions

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