James Hardie(US:JHX) Globenewswire·2025-12-02 13:44Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company overstated demand in its North American Fiber Cement segment and downplayed distributor destocking during the Class Period from May 20, 2025, to August 18, 2025, leading to significant investor losses when the company reported a 12% drop in segment sales on August 19, 2025, resulting in a stock price decline of over 34% [1][3]. Company Overview - James Hardie Industries plc is a global building materials company specializing in fiber cement products, with its headquarters located in Dublin, Ireland [2]. Legal Proceedings - Investors who purchased James Hardie securities during the Class Period have until December 23, 2025, to seek appointment as lead plaintiff representatives of the class [2]. Financial Impact - The lawsuit claims that the company's misrepresentation of demand and inventory issues led to a significant stock price drop, causing substantial losses for investors [3].