James Hardie(US:JHX) Globenewswireยท2025-10-28 16:00Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks damages for investors who purchased James Hardie securities between May 20, 2025, and August 18, 2025 [2]. - The complaint alleges that James Hardie made materially false and misleading statements regarding the demand for its North America Fiber Cement segment, which was actually experiencing weakening demand due to distributor inventory destocking known to the Company by April and early May 2025 [3]. - On August 19, 2025, James Hardie disclosed a 12% sales decline in the segment, attributing it to "normalization of channel inventories," which led to a more than 34% drop in the Company's share price, damaging investors [3]. Group 2: Next Steps for Investors - Investors who suffered losses in James Hardie have until December 23, 2025, to request to be appointed as lead plaintiff in the class action [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and attorneys' fees if successful [5]. - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6].