James Hardie(US:JHX) Prnewswire·2025-12-11 20:27Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc, alleging that the company and its executives made false statements regarding the health of its North America Fiber Cement segment, leading to a significant stock drop of over 34% when the truth was revealed [2][5]. Summary by Sections Lawsuit Allegations - The lawsuit claims that James Hardie executives misled investors by asserting that the North America segment was performing well while concealing a significant inventory destocking issue among distributors [3][4]. - Management allegedly knew about the destocking as early as April and May 2025 but continued to present inflated sales figures, misleading investors about genuine demand [3][4]. Stock Performance - Following the disclosure of a 12% decline in North America sales due to customer destocking, James Hardie's stock fell over 34% on August 20, 2025 [5]. - The class period for the lawsuit is defined as May 20, 2025, to August 18, 2025, with a lead plaintiff deadline set for December 23, 2025 [5][6]. Next Steps for Investors - Investors who purchased James Hardie stock during the specified class period and experienced substantial losses are encouraged to contact Hagens Berman to discuss their legal options and potential appointment as Lead Plaintiff [6].