Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company misled investors regarding the performance of its North America Fiber Cement segment during the specified Class Period from May 20, 2025, to August 18, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by the national plaintiffs' law firm Berger Montague on behalf of investors who purchased James Hardie common stock or American Depositary Shares during the Class Period [1][2]. - Investors have until December 23, 2025, to seek appointment as lead plaintiff representatives of the class [2]. Group 2: Allegations Against the Company - The complaint alleges that James Hardie misrepresented the strength of its core North America Fiber Cement segment, claiming that demand was strong and inventory levels were normal, despite knowledge of distributors destocking inventory by April and early May 2025 [3]. - On August 19, 2025, the company disclosed a 12% decline in the segment, attributing it to "normalization of channel inventories" and warned of continued weakness, leading to a stock price drop of over 34% [4].
ATTENTION NYSE: JHX INVESTORS: Contact Berger Montague About a James Hardie Industries PLC Class Action Lawsuit