Whirlpool Corporation Class Action Lawsuit - WHR

Company
Whirlpool Corporation (NYSE: WHR)
Class Period
July 28, 2020 - July 28, 2025

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Allegations

The filed complaint alleges that Whirlpool Corporation made materially false and/or misleading statements and/or failed to disclose that: On July 29, 2025, Whirlpool issued a press release announcing positive second quarter results, featuring “sequential net sales growth across all segments” despite that “the second quarter continued to be impacted by competitors stockpiling Asian imports into the US.” Whirlpool further announced it would be considerably reducing its full-year guide due to the same continued impact from Asian importers and the general continued impact from the ongoing “uncertainty in the macro environment.” Full-year earnings were cut 30% at the midpoint with management now anticipating only $6 - $8 per share, down from $10. Management also informed investors during the call it would recommend the Board cut the company’s annual dividend by nearly 50%, down to $3.60 from $7. Following this news, Whirlpool’s stock price fell by $13.58 per share to open at $84.39 per share.

Eligibility

In order to be eligible to join the WHR class action lawsuit, you must have incurred a loss on shares of Whirlpool Corporation purchased during the class period listed above.

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