- Berger Montague filed a securities fraud class action against Pentair plc (NYSE: PNR).
- Class period: March 11, 2025 through July 14, 2026.
- Allegation: Pentair failed to disclose significant destocking of inventory in the Pool channel.
- On July 14, 2026 after market close, Pentair announced preliminary Q2 2026 results disclosing pool channel destocking reduced Pool segment sales by ~$170 million and Pool segment income by ~$105 million.
- Q2 2026 sales expected down 17% versus prior guide of approximately 1% growth.
- Full-year 2026 sales expected down ~4% to 7% versus prior guide of up 2% to 4%.
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