Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging violations of federal securities laws due to false and misleading statements regarding the company's business and operations [1][4]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased James Hardie shares between May 20, 2025, and August 18, 2025 [2]. - The allegations include misleading claims about the strength of the North America Fiber Cement segment, despite knowledge of distributor destocking [4]. Financial Impact - On August 19, 2025, James Hardie reported a 12% sales decline in the North America Fiber Cement segment, attributing it to "normalization of channel inventories," which led to a more than 34% drop in share price [4]. Legal Process - Investors wishing to serve as lead plaintiffs must file by December 23, 2025 [2]. - No class has been certified yet, meaning investors are not represented unless they retain counsel [3].
SHAREHOLDER ALERT: DiCello Levitt LLP Announces That A Shareholder Class Action Has Been Filed Against James Hardie Industries plc (NYSE: JHX) Following “Destocking” Revelation