James Hardie(US:JHX) Globenewswireยท2025-10-27 21:40Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors regarding the performance of its North America Fiber Cement segment during the specified class period [1][4]. Financial Performance - James Hardie reported a 12% decline in North American net sales for fiscal Q1 2026, attributed to lower volumes as customers adjusted inventory levels [3]. - Following the earnings announcement, James Hardie's share price fell by $9.79, or approximately 34.4%, from $28.43 to $18.64 [3]. Lawsuit Details - The lawsuit claims that James Hardie misrepresented the strength of its North American operations between May 20, 2025, and August 18, 2025, despite being aware of inventory destocking by distributors [4]. - The company allegedly falsely asserted that demand remained strong and inventory levels were normal during this period [4]. Investor Actions - Investors who suffered losses on their James Hardie investments have until December 23, 2025, to request lead plaintiff appointment [2]. - The law firm Kirby McInerney LLP is handling the case and encourages affected investors to reach out for more information [6].