James Hardie(US:JHX) Globenewswire·2025-12-18 21:30Core Viewpoint - A securities class action has been filed against James Hardie Industries plc, alleging that the company's management misled investors about inventory levels, leading to significant stock price declines and executive resignations [1][2]. Group 1: Allegations and Impact - The lawsuit claims that James Hardie's senior management falsely represented inventory levels as "robust" while being aware of aggressive destocking by channel partners since April 2025 [2][8]. - Following the disclosure of these alleged misrepresentations on August 19, 2025, the company's stock price fell by 34%, resulting in substantial losses for shareholders [2][8]. - The resignation of CFO Rachel Wilson on November 17, 2025, occurred shortly after the stock collapse, indicating potential internal repercussions from the allegations [2]. Group 2: Investor Actions - Investors who purchased James Hardie stock between May 20, 2025, and August 18, 2025, and experienced significant losses are encouraged to contact Hagens Berman to discuss legal options and potential roles as Lead Plaintiff [5]. - Hagens Berman is actively investigating claims related to the alleged inventory deception and is urging affected investors to submit their information [3][5]. Group 3: Company Performance and Market Reaction - The complaint highlights a 12% decline in sales within the North America Fiber Cement segment, attributed to customer destocking that was allegedly concealed by the company [8]. - The market correction following the August 2025 disclosure reflects a significant loss of investor confidence in James Hardie, emphasizing the impact of the alleged deceptive practices on the company's market valuation [8].