JHX INVESTOR : Robbins Geller Rudman & Dowd LLP Announces that James Hardie Industries plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The James Hardie Industries plc is facing a class action lawsuit for allegedly misleading investors about the strength of its North America Fiber Cement segment, which experienced significant inventory destocking and a subsequent decline in sales [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled "Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc" and is filed in the Northern District of Illinois [1]. - Investors who purchased James Hardie common stock between May 20, 2025, and August 18, 2025, have until December 23, 2025, to seek appointment as lead plaintiff [1][5]. - The lawsuit alleges that James Hardie and its executives violated the Securities Exchange Act of 1934 by making false statements regarding the company's performance [1][3]. Group 2: Allegations Against James Hardie - The lawsuit claims that despite early signs of inventory destocking in April and May 2025, James Hardie continued to assure investors of strong demand, misleading them about the actual market conditions [3]. - On August 19, 2025, James Hardie reported a 12% decline in sales for its North America Fiber Cement segment, which led to a stock price drop of over 34% [4]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased James Hardie common stock during the class period to seek lead plaintiff status, representing the interests of the class [5]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6].