James Hardie(US:JHX) Prnewswire·2025-11-21 15:24Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc due to allegations of misleading investors regarding the performance of its North America Fiber Cement segment between May 20 and August 18, 2025 [3]. Group 1: Allegations and Financial Impact - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose that the company misled investors about the strength of its key segment, despite knowing about inventory destocking by distributors [3]. - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected fiscal 2026 earnings, attributing this to high borrowing costs [3]. - Following the announcement, the price of James Hardie's American Depositary Receipt (ADR) fell by $9.79, or 34.44%, closing at $18.64 on August 20, 2025 [4]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased securities in James Hardie between May 20, 2025, and August 18, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of December 23, 2025, to seek the role of lead plaintiff in the class action [1][3]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [5]. - Faruqi & Faruqi also invites anyone with information regarding James Hardie's conduct, including whistleblowers and former employees, to come forward [5].