James Hardie(US:JHX) Newsfile·2025-12-10 12:18Core 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: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in James Hardie common stock [4]. - Investors have until December 23, 2025, to request to be appointed to lead the case [4]. Group 2: Company Background - James Hardie 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 3: Allegations and Stock Performance - During the relevant period, James Hardie claimed strong performance in its North American fiber cement segment, but it is alleged that sales were inflated due to inventory loading by channel partners rather than genuine customer demand [6]. - On August 19, 2025, the company reported a 12% decline in North American fiber cement sales, leading to a stock price drop of over 34%, from $28.43 to $18.64 per share [7].