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James Hardie Industries Securities Fraud Class Action Result of Sales Issues and +34% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF
James HardieJames Hardie(US:JHX) Globenewswireยท2025-11-19 03:53

Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc for failing to disclose material information during the Class Period, leading to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors have until December 23, 2025, to file lead plaintiff applications in the lawsuit against James Hardie, which is pending in the United States District Court for the Northern District of Illinois [1][2]. - The lawsuit alleges that James Hardie and certain executives violated federal securities laws by not disclosing a 12% decline in sales in the North America Fiber Cement segment, which was attributed to customer destocking [3]. - Following the disclosure of the sales decline, James Hardie's share price dropped over 34%, from $28.43 on August 18, 2025, to $18.64 on August 20, 2025, resulting in a loss of $9.79 per share [4]. Group 2: Company Background - Kahn Swick & Foti, LLC (KSF) is a prominent boutique securities litigation law firm, recognized among the top 10 firms nationally based on total settlement value [5]. - KSF represents a diverse range of clients, including institutional and retail investors, in seeking recoveries for investment losses due to corporate fraud or malfeasance [5].