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Stockholder Alert: Robbins LLP Informs James Hardie Industries PLC Stockholders that a Class Action Lawsuit was Filed Against the Company
James HardieJames Hardie(US:JHX) Prnewswireยท2025-10-27 23:52

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors about inventory destocking during a challenging market period [2][3]. Group 1: Allegations and Misleading Statements - Robbins LLP is investigating claims that James Hardie made false statements regarding the strength of its North America Fiber Cement segment, despite evidence of inventory destocking starting in April and May 2025 [2]. - The complaint alleges that James Hardie engaged in fraudulent channel stuffing, misrepresenting sales as being driven by sustainable customer demand [2]. Group 2: Impact on Stock Price - On August 19, 2025, James Hardie disclosed a 12% decline in sales for its North America Fiber Cement segment, which led to a significant drop in stock price by over 34%, from $28.43 to $18.64 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by December 23, 2025, although participation is not required to be eligible for recovery [4].