James Hardie(US:JHX) Businesswire·2025-11-07 22:01Core Points - James Hardie Industries plc is facing a class action lawsuit due to a significant decline in sales, specifically a 12% drop in North America Fiber Cement sales attributed to customer destocking [2][4] - The company's stock price plummeted by $9.79, or 34.4%, closing at $18.64 per share following the announcement of the sales decline [3] - The lawsuit alleges that the company made materially false and misleading statements regarding its business operations and failed to disclose adverse facts about its sales performance [4] Company Summary - James Hardie Industries plc's common stock was previously American Depositary Shares until its conversion on July 1, 2025 [1] - The class period for the lawsuit is defined as May 20, 2025, to August 18, 2025 [1][5] - Investors who purchased shares during this period are encouraged to file a lead plaintiff motion by December 23, 2025 [5]