James Hardie(US:JHX) Globenewswireยท2025-11-04 17:12Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc due to allegations of misleading investors about the strength of its North America Fiber Cement segment, with a deadline for lead plaintiff applications set for December 23, 2025 [4][6]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $10,000 in James Hardie between May 20, 2025, and August 18, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against James Hardie, with a reminder of the December 23, 2025, deadline for seeking the role of lead plaintiff [4][8]. - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose critical information regarding inventory destocking [6]. Group 2: Financial Performance - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit for the period ending June 30, 2025, and projected lower-than-expected fiscal 2026 earnings due to high borrowing costs [6]. - Following the announcement of these financial results, 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 [7]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [5]. - The firm is actively seeking information from whistleblowers, former employees, and shareholders regarding James Hardie's conduct [9].