James Hardie(US:JHX) Newsfile·2025-11-17 20:18Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][3]. 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 United States and Canada [4]. Allegations of Fraud - The lawsuit claims that James Hardie misrepresented the strength and momentum of its North American fiber cement segment, asserting that sales were driven by sustainable customer demand rather than inventory loading by channel partners, which is indicative of fraudulent channel stuffing [5]. Stock Performance and Impact - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, revealing that destocking efforts by customers were impacting sales, leading to a stock price drop of $9.79 per share, or over 34%, from $28.43 to $18.64 within a day [6].