Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of Hayward Holdings, Inc. related to misrepresentation of financial practices and performance [1]. Group 1: Allegations of Misconduct - Insiders at Hayward allegedly engaged in a channel-stuffing scheme to artificially inflate short-term sales and earnings [2]. - The company reportedly flooded channel partners with unwanted inventory, significantly exceeding consumer demand [2]. - This channel-stuffing led to an inventory surplus for partners, necessitating a substantial de-stocking in the latter half of 2022 [2]. - The scheme is said to have cannibalized future sales, adversely affecting Hayward's ability to sell to customers [2]. - A slowdown in demand for pool equipment, combined with excess inventory, resulted in a need for channel partners to reduce their stock levels [2]. - Consequently, projected financial results for 2022 were deemed unachievable and lacked a factual basis [2].
Kuehn Law Encourages Investors of Hayward Holdings, Inc. to Contact Law Firm