James Hardie(US:JHX) Prnewswire·2025-12-08 17:57Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors regarding the performance of its North America Fiber Cement segment during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who purchased James Hardie common stock or American Depositary Shares from May 20, 2025, to August 18, 2025 [1][2]. - Investors have until December 23, 2025, to seek appointment as lead plaintiff representatives of the class [2]. Group 2: Allegations Against James Hardie - The complaint claims that James Hardie misrepresented the strength of its core North America Fiber Cement segment, stating that demand was strong and inventory levels were normal, despite knowledge of distributors destocking inventory by April and early May 2025 [3]. - On August 19, 2025, James Hardie disclosed a 12% decline in the segment, attributing it to "normalization of channel inventories" and warned of ongoing weakness, leading to a stock price drop of over 34% [4].