James Hardie(US:JHX) Businesswire·2025-10-30 15:10Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc due to allegations of misleading investors regarding the performance of its North America Fiber Cement segment between May 20, 2025, and August 18, 2025 [4]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in James Hardie to contact them for discussing legal options [1]. - The firm has set a deadline of December 23, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against James Hardie [2]. Allegations Against James Hardie - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose that the company misled investors about the strength of its key North America Fiber Cement segment [4]. - Despite knowing about inventory destocking by distributors in April and early May, James Hardie falsely claimed that demand remained strong and stock levels were "normal" [4]. Financial Impact - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected fiscal 2026 earnings due to high borrowing costs [4]. - Following this announcement, the price of James Hardie's American Depositary Receipt (ADR) fell by $9.79, or 34.44%, closing at $18.64 per ADR on August 20, 2025 [5].