James Hardie(US:JHX) Globenewswire·2025-12-16 20:25Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding the demand and inventory levels of its North America Fiber Cement segment, leading to significant investor losses [3][7]. Allegation Details - The lawsuit claims that James Hardie failed to disclose weakening demand in its key North America Fiber Cement segment due to distributor inventory destocking known to the company by April and early May 2025 [3]. - Despite this knowledge, the company allegedly misrepresented that demand remained strong and that inventory levels were "normal" [3]. - On August 19, 2025, James Hardie reported a 12% sales decline in the segment, attributing it to "normalization of channel inventories," and warned of continued weakness [3]. - Following this announcement, the company's share price dropped more than 34%, adversely affecting investors [3]. Next Steps - Investors who purchased or acquired James Hardie shares during the class period from May 20, 2025, to August 18, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is December 23, 2025 [7].