NEW YORK, June 22, 2023 /PRNewswire/ -- Levi & Korsinsky notifies investors that it has commenced an investigation of Hayward Holdings, Inc. ("Hayward") (NYSE: HAYW) concerning possible violations of federal securities laws.
Hayward designs, manufactures, and markets a broad portfolio of pool equipment and associated automation systems, selling products primarily to distributors, major pool builders, buying groups, servicers, and specialty on-line resellers, all of which, in turn, sell Hayward's products to the pool owner. Hayward purports to have good channel inventory knowledge as channel partners report inventory positions directly to Hayward. On July 28, 2022, Hayward revealed that its channel partners planned to reduce the inventory on hand, requiring Hayward to reduce its 2022 guidance. On this news, Hayward's stock declined over 18%. . To obtain additional information, go to:
https://zlk.com/pslra-1/hayward-lawsuit-submission-form?prid=41150&wire=4
or contact Joseph E. Levi, Esq. either via email
at [email protected] or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
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