James Hardie(US:JHX) Globenewswireยท2025-11-01 15:20Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding its business performance during the Class Period from May 20, 2025, to August 18, 2025 [1][2]. Allegations of Misconduct - The complaint claims that James Hardie misled investors by stating that demand remained strong and inventory levels were "normal," despite knowing that its North America Fiber Cement distributors were destocking inventory as early as April and May 2025 [2]. - The positive statements made by the defendants about the company's business operations and prospects were materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in James Hardie have until December 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions of dollars for victims of fraud and corporate misconduct [4]. - The firm aims to protect investors, consumers, and employees from fraud and negligence by businesses [4].