James Hardie(US:JHX) Globenewswire·2025-10-27 19:07Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc for allegedly misleading investors regarding the performance of its North America Fiber Cement segment, with a class action lawsuit already filed [3][5]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses in James Hardie between May 20, 2025, and August 18, 2025, to discuss their legal options [1][3]. - A federal securities class action has been filed against James Hardie, with a deadline of December 23, 2025, for investors to seek the role of lead plaintiff [3][5]. - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose the true state of demand in their key segment [5]. Group 2: Financial Impact and Stock Performance - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected earnings for fiscal 2026 due to high borrowing costs [5]. - Following the announcement of disappointing financial results, the price of James Hardie's American Depositary Receipt (ADR) fell by $9.79, or 34.44%, closing at $18.64 on August 20, 2025 [6]. Group 3: Company Background and Contact Information - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [4]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding James Hardie's conduct [8].