Hayward Holdings Beats Some Investor Claims in Supply Chain Suit

Pool-supply company Hayward Holdings Inc. successfully warded off most fraud claims relating to comments its officers made to investors concerning its supply chain after the pandemic, a federal court said.

Lead plaintiff Fulton County Employees’ Retirement System’s claims involving forward-looking guidance given during the class period from Oct. 27, 2021, to July 28, 2022, as well as statements made about the company’s cancellation/return of channel orders, inventory levels, and risk disclosures, were dismissed Wednesday by Judge William J. Martini of the US District Court for the District of New Jersey. But Martini permitted claims to proceed regarding Hayward’s statements ...