James Hardie(US:JHX) Globenewswire·2025-12-17 03:41Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc for failing to disclose material information during the Class Period, leading to significant financial losses for investors [3][4]. Summary by Sections Lawsuit Details - The lawsuit involves allegations against James Hardie and certain executives for not disclosing critical information that violated federal securities laws during the Class Period from May 20, 2025, to August 18, 2025 [3]. - On August 19, 2025, the company revealed a 12% decline in sales in its North America Fiber Cement segment, attributed to customer destocking, which was first identified in April and May [3]. Financial Impact - Following the disclosure of the sales decline, James Hardie's share price plummeted over 34%, dropping from $28.43 per share on August 18, 2025, to $18.64 per share on August 20, 2025, representing a loss of $9.79 per share [4]. Legal Process - Investors who purchased shares during the Class Period have until December 23, 2025, to file lead plaintiff applications in the ongoing lawsuit [1][2].