James Hardie(US:JHX) Prnewswireยท2025-11-02 15:44Core 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][3]. Group 1: Allegations Against James Hardie - The lawsuit claims that James Hardie misled investors by stating that demand for its products remained strong, despite knowing that its North America Fiber Cement distributors were destocking inventory [3]. - The complaint asserts that the positive statements made by the company about its business operations and prospects were materially misleading and lacked a reasonable basis [3]. Group 2: Legal Process and Participation - Investors who suffered losses during the Class Period can seek to be appointed as lead plaintiffs by December 23, 2025, through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff represents the interests of all class members in the litigation and is typically the investor or group of investors with the largest financial interest [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].