A federal judge has granted final approval of a $19.85 million settlement resolving a securities fraud class action against Hayward Holdings, Inc., bringing years of complex litigation to a successful conclusion. Cohn Lifland served as Liaison Counsel for the Settlement Class alongside Lead Counsel Scott+Scott Attorneys at Law LLP, helping secure a significant recovery for investors.
Federal Court Approves Settlement
The litigation alleged that Hayward Holdings and certain defendants made materially false or misleading statements and omissions concerning the company’s distributor channel inventory levels and demand for its products, resulting in artificially inflated stock prices and losses to investors. After extensive motion practice, targeted discovery, and two full days of mediation, the parties reached a settlement in January 2026.
The Court concluded that the settlement is fair, reasonable, and adequate, granted final certification of the settlement class for settlement purposes, approved the plan of allocation, and entered final judgment on July 29, 2026, bringing the litigation to a successful conclusion.
Cohn Lifland's Role as Liaison Counsel
Cohn Lifland served as Liaison Counsel alongside Scott+Scott, which served as Lead Counsel for the Settlement Class. In its Final Approval Order, the Court specifically appointed Cohn Lifland as Liaison Counsel and found that Class Counsel fairly and adequately represented the interests of the Settlement Class throughout the litigation and settlement process.
A Meaningful Recovery for Investors
In approving the settlement, the Court recognized the complexity of the securities fraud claims, and the substantial risks, expense, and delay associated with continued litigation. The Court noted that the settlement provides prompt compensation to investors while avoiding years of additional litigation, expert testimony, trial, and possible appeals. The Court also found that the recovery compares favorably with settlements in similar securities class actions.
Committed to Complex Litigation
The successful resolution of the Hayward Holdings litigation reflects Cohn Lifland’s longstanding commitment to representing clients in sophisticated commercial litigation, class actions, and other high-stakes matters in state and federal courts.
If you need legal advice on a complex litigation matter, contact Cohn Lifland today.