James Hardie(US:JHX) Prnewswire·2025-10-28 20:06Core Points - A class action lawsuit has been filed against James Hardie Industries plc on behalf of investors who purchased its common stock or American Depositary Shares between May 20, 2025, and August 18, 2025 [1][2] - The lawsuit alleges that James Hardie misled investors regarding the strength of its North America Fiber Cement segment, claiming demand was strong while distributors were actually destocking inventory [3] - Following a 12% decline in the segment reported on August 19, 2025, attributed to "normalization of channel inventories," the company's stock price dropped over 34%, resulting in significant losses for investors [4] Company Overview - James Hardie is headquartered in Dublin, Ireland, and is recognized as the world's largest manufacturer of fiber cement products [2] Legal Context - Investors have until December 23, 2025, to seek appointment as lead plaintiff representatives in the class action [2]