James Hardie(US:JHX) Newsfile·2025-12-04 20:46Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud, following a significant stock drop attributed to potential violations of federal securities laws [2][4]. Group 1: Company Overview - James Hardie Industries plc is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [5]. Group 2: Allegations and Stock Impact - The lawsuit claims that James Hardie misrepresented the strength and momentum of its North American fiber cement segment, suggesting that sales were driven by sustainable customer demand rather than inventory loading by channel partners [6]. - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, revealing that customers were destocking to return to normal inventory levels, which led to a stock price drop of over 34%, from $28.43 to $18.64 per share [7]. Group 3: Legal Proceedings - Investors have until December 23, 2025, to request to lead the case in the U.S. District Court for the Northern District of Illinois, with the lawsuit captioned Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al. [4].