James Hardie(US:JHX) Globenewswireยท2025-11-05 14:57Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors about the strength of its North America Fiber Cement segment during a period of inventory destocking [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired James Hardie securities between May 20, 2025, and August 18, 2025, and seeks to recover losses under federal securities laws [1][2]. - Investors have until December 23, 2025, to seek appointment as lead plaintiff if they suffered losses during the Class Period [2]. Group 2: Allegations Against James Hardie - The lawsuit claims that James Hardie made false assurances about the strength of its Fiber Cement segment, despite evidence of inventory destocking starting in April and May 2025 [3]. - It is alleged that the company misrepresented sales as being driven by sustainable customer demand rather than fraudulent channel stuffing practices [3]. Group 3: Financial Impact - On August 19, 2025, James Hardie reported a 12% decline in its North America Fiber Cement segment, attributing it to "normalization of channel inventories" and warned of continued weakness [4]. - Following this disclosure, the company's stock price fell by more than 34%, resulting in significant losses for investors [4].