In-Depth Examination of Hayward Holdings by Kahn Swick & Foti
Kahn Swick & Foti Initiates Inquiry into Hayward Holdings
Kahn Swick & Foti, LLC, a renowned law firm, has embarked on a significant investigation concerning the officers and directors of Hayward Holdings, Inc. (NYSE: HAYW). The firm, led by former Attorney General Charles C. Foti, Jr., is delving into whether the company's leadership has upheld their fiduciary duties to shareholders amidst troubling disclosures about the company’s financial status.
Financial Disclosures Raise Concerns
Recently, Hayward Holdings revealed disappointing results for the second quarter which included a substantial inventory de-stocking. The company anticipated that its channel partners would reduce their inventory levels by 4 to 6 weeks in the latter half of the year. This led to a stark revision of their 2022 outlook, dropping the expected net sales growth from an initial forecast of 9% to 12% year-over-year to a decline of 2% to 6%.
Implications of Legal Action
Following these revelations, Hayward and certain executives faced a securities class action lawsuit. This legal challenge accuses them of failing to disclose material information, thus violating federal securities laws. Recently, a court denied the company’s motion to dismiss part of the lawsuit, allowing it to continue. KSF's investigation is particularly focused on understanding whether Hayward's directors or officers acted inappropriately.
Investigative Focus of KSF
KSF's inquiry aims to determine if any fiduciary duties owed to shareholders have been breached by the company's executives. The firm is also looking into possible violations of both state and federal laws in light of the company's recent disclosures and the subsequent legal actions.
Opportunities for Shareholders
If you are a long-term holder of Hayward shares or have relevant information regarding this matter, Kahn Swick & Foti encourages you to reach out. The firm is committed to protecting the rights of investors and aims to assist individuals in understanding their legal options. Interested parties can contact the firm without any obligation or cost for a consultation.
About Kahn Swick & Foti, LLC
KSF is recognized as one of the top boutique securities litigation firms in the nation. Their stature in the industry was recently highlighted when they ranked among the top 10 firms nationally based on total settlement value, showcasing their expertise in advocating for public and private institutional investors, as well as retail investors. They seek recoveries for losses incurred due to malfeasance by publicly traded companies.
Contact Information for KSF
For more information, individuals can reach out to Kahn Swick & Foti, LLC. The firm is located at 1100 Poydras St., Suite 960, and they offer support through various channels including phone and email. Their Managing Partner, Lewis Kahn, is available to discuss potential inquiries in detail.
Frequently Asked Questions
What is the focus of Kahn Swick & Foti's investigation?
The investigation is primarily concerned with whether Hayward's officers and directors have breached their fiduciary duties to shareholders.
What prompted the investigation into Hayward Holdings?
The investigation was initiated due to disappointing financial disclosures and a subsequent securities class action lawsuit against the company and its executives.
How can shareholders get involved?
Shareholders can contact Kahn Swick & Foti for consultations about their legal rights and any information that may assist in the ongoing investigation.
Where is Kahn Swick & Foti located?
KSF has multiple offices, including locations in New York, California, and Louisiana, providing accessibility to clients nationwide.
What services does Kahn Swick & Foti offer?
As a premier securities litigation firm, KSF focuses on recovering investment losses due to corporate fraud or malfeasance for both institutional and retail investors.
About The Author
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