James Hardie(US:JHX) Globenewswireยท2025-10-28 15:26Core Points - A class action lawsuit has been filed against James Hardie Industries plc for allegedly making false and misleading statements regarding its North America Fiber Cement segment, which experienced weakening demand [3][7] - The lawsuit claims that James Hardie misrepresented the strength of demand and inventory levels, leading to a significant drop in share price after a 12% sales decline was disclosed [3][7] Allegation Details - The complaint alleges that James Hardie's North America Fiber Cement segment was facing weakening demand due to distributor inventory destocking known to the company by April and early May 2025 [3] - Despite this knowledge, the company falsely represented that demand remained strong and inventory levels were "normal" [3] - On August 19, 2025, James Hardie revealed a 12% sales decline in the segment, attributing it to "normalization of channel inventories," and warned of continued weakness [3] - Following this announcement, the company's share price dropped more than 34%, damaging investors [3] Next Steps - Investors who purchased or acquired James Hardie shares during the class period (May 20, 2025, to August 18, 2025) and suffered losses are encouraged to contact the law firm for more information [4][7] - There is no cost or obligation for investors to inquire about their rights or interests regarding the lawsuit [4]