James Hardie(US:JHX) Globenewswireยท2025-10-29 20:06Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company misled investors regarding inventory destocking in its North America Fiber Cement segment, leading to a significant drop in stock price after the truth was revealed [1][2][3]. Group 1: Allegations and Misleading Statements - Robbins LLP is investigating allegations that James Hardie Industries plc made false statements during the class period, particularly regarding the strength of its North America Fiber Cement segment despite early signs of inventory destocking [2]. - The complaint states that James Hardie assured investors on May 20 and 21, 2025, that the segment remained strong, while in reality, there were signs of inventory loading by channel partners, indicating unsustainable 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 due to customer destocking, which had been known to the company since April and May [3]. - Following this disclosure, the company's stock price fell by over 34%, dropping from $28.43 per share on August 18, 2025, to $18.64 per share on August 20, 2025, reflecting a loss of $9.79 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their papers to the court by December 23, 2025, to serve as lead plaintiff, representing other class members [4]. - It is noted that shareholders do not need to participate in the case to be eligible for recovery, allowing them to remain absent class members if they choose [4].