James Hardie(US:JHX) Prnewswire·2025-12-17 22:16Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly overstating demand in its North American Fiber Cement segment and downplaying distributor destocking during the Class Period from May 20, 2025, to August 18, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit claims that James Hardie misrepresented the demand for its products, leading to a significant drop in stock price after a reported 12% decline in segment sales on August 19, 2025, which resulted in a more than 34% decrease in stock value [3]. - Investors who purchased James Hardie securities during the Class Period have until December 23, 2025, to seek appointment as lead plaintiff representatives [2]. Group 2: Company Overview - James Hardie is a global building materials company that specializes in fiber cement products and is headquartered in Dublin, Ireland [2].