James Hardie(US:JHX) Globenewswire·2025-12-12 14:16Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc, alleging that the company and its executives made materially false and misleading 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]. Allegations and Details - The lawsuit claims that James Hardie executives assured investors that the North America segment was strong and that inventory levels were normal, despite knowing that distributors were aggressively destocking inventory [3][4]. - The complaint highlights that management was aware of the inventory issues by April and early May 2025 but continued to mislead investors by reporting inflated sales figures [3][4]. - The stock price fell over 34% on August 20, 2025, after the company disclosed a 12% decline in North America sales due to customer destocking [5]. Timeline and Key Information - Class Period: May 20, 2025 – August 18, 2025 [5] - Lead Plaintiff Deadline: December 23, 2025 [5] - Significant Stock Drop: 34% decline following the sales disclosure [5]. Next Steps for Investors - Investors who purchased James Hardie stock during the class period and suffered substantial losses are encouraged to contact Hagens Berman to discuss legal options and potential appointment as Lead Plaintiff [6].