James Hardie(US:JHX) Globenewswireยท2025-10-31 12:41Core Insights - A class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding the demand for its North America Fiber Cement segment, which was reportedly experiencing weakening demand due to distributor inventory destocking [3][7] - The lawsuit claims that James Hardie misrepresented the strength of demand and inventory levels, leading to a significant drop in share price of over 34% following the disclosure of a 12% sales decline in the segment [3][7] Allegation Details - The complaint alleges that James Hardie was aware of weakening demand in its key segment by April and May 2025 but failed to disclose this information [3] - The company falsely represented that demand remained strong and inventory levels were "normal" during the class period [3] - On August 19, 2025, James Hardie announced a 12% sales decline in the North America Fiber Cement 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%, impacting investors significantly [3] Next Steps - Investors who purchased James Hardie shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information on their rights and potential claims [4][7] - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is December 23, 2025 [7]