James Hardie(US:JHX) Prnewswire·2025-11-25 13:10Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding product demand and inventory levels during the specified Class Period, leading to significant stock price decline after the truth was revealed [1][3]. Company Overview - James Hardie Industries plc is a multinational building materials company based in Dublin, Ireland, specializing in fiber cement and related construction products [2]. Legal Proceedings - The lawsuit is on behalf of investors who purchased James Hardie securities between May 20, 2025, and August 18, 2025, with a deadline for potential lead plaintiff representatives set for December 23, 2025 [2][4]. - The complaint alleges that despite internal data indicating reduced inventory levels as early as April 2025, the company misled investors by claiming strong demand and normal inventory levels [3]. Financial Impact - On August 19, 2025, James Hardie disclosed a 12% decline in segment sales and warned of ongoing weakness, resulting in a stock price drop of over 34% in a single trading day [3].