James Hardie(US:JHX) Globenewswireยท2025-11-04 23:00Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company misled investors regarding the performance of its North America Fiber Cement segment during the specified class period from May 20, 2025, to August 18, 2025 [3]. Group 1: Lawsuit Details - The lawsuit claims that James Hardie falsely asserted that demand for its products remained strong, despite knowledge of inventory destocking among distributors [3]. - Investors who suffered losses on their James Hardie investments have until December 23, 2025, to request lead plaintiff appointment [2]. Group 2: Financial Impact - On August 19, 2025, James Hardie reported a 12% decline in North American net sales for fiscal Q1 2026, attributing this to lower volumes as customers adjusted inventory levels [4]. - Following the earnings report, James Hardie's share price dropped by $9.79, or approximately 34.4%, from $28.43 to $18.64 per share [4].