James Hardie(US:JHX) Newsfileยท2025-11-08 11:08Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [2][4]. Company Overview - James Hardie Industries plc is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [5]. Allegations and Financial Performance - The lawsuit claims that during the relevant period, James Hardie misrepresented the strength and momentum of its North American fiber cement segment, suggesting that sales were driven by sustainable customer demand rather than inventory loading by channel partners [6]. - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, revealing that customers were destocking inventory, which was first identified in April and May [7]. Stock Market Reaction - Following the disclosure of the sales decline, James Hardie's stock price fell by $9.79 per share, a decrease of over 34%, from $28.43 on August 19, 2025, to $18.64 on August 20, 2025 [7].