Core Viewpoint - The James Hardie Industries plc is facing a class action lawsuit alleging securities fraud due to misleading statements about its North America Fiber Cement segment's performance during a period of inventory destocking [1][4][5]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled "Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc" and is filed in the Northern District of Illinois [1]. - Investors who purchased James Hardie common stock between May 20, 2025, and August 18, 2025, have until December 23, 2025, to seek lead plaintiff status [1][6]. - The lawsuit alleges that James Hardie executives made false assurances about the strength of their business segment despite evidence of declining sales and inventory issues [4][5]. Group 2: Allegations Against James Hardie - The lawsuit claims that starting in April and early May 2025, there was evidence of customer destocking, which was not disclosed to investors [4]. - On August 19, 2025, James Hardie reported a 12% decline in sales in the North America Fiber Cement segment, which led to a stock price drop of over 34% [5]. Group 3: Company Background - James Hardie Industries designs and manufactures a variety of fiber cement building products, with manufacturing facilities in the United States and Australia [3].
JHX INVESTOR ALERT: James Hardie Industries plc Investors with Substantial Losses Have Opportunity to Lead the James Hardie Class Action Lawsuit