James Hardie(US:JHX) Prnewswire·2025-12-01 21:18Core Viewpoint - James Hardie Industries plc is facing a class action lawsuit due to allegations of misleading investors about inventory destocking during a challenging market period [1][3]. Group 1: Company Overview - James Hardie Industries plc is the leading producer of high-performance fiber cement building solutions in the United States [1]. - The company provides exterior home and outdoor living solutions [1]. Group 2: Class Action Details - The class period for the lawsuit is from May 20, 2025, to August 18, 2025 [1]. - The lawsuit was initiated by Robbins LLP on behalf of investors who acquired shares during the class period [1][5]. Group 3: Allegations and Impact - The complaint alleges that the company made false statements regarding the strength of its North America Fiber Cement segment, despite evidence of inventory destocking starting in April and May 2025 [3]. - On August 19, 2025, the company disclosed a 12% decline in sales for the North America Fiber Cement segment, attributed to customer destocking, leading to a stock price drop of over 34% [4].