James Hardie(US:JHX) TMX Newsfile·2025-12-19 13:51Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding product demand and inventory levels during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who purchased James Hardie common stock and American Depositary Shares from May 20, 2025, to August 18, 2025 [1][2]. - Investors have until December 23, 2025, to seek appointment as lead plaintiff representatives of the class [2]. Group 2: Company Performance - During the Class Period, James Hardie reportedly misled investors about strong demand and normal inventory levels, despite internal data indicating that distributors were reducing inventory as early as April 2025 [3]. - On August 19, 2025, the company disclosed a 12% decline in segment sales and warned of ongoing weakness, leading to a stock price drop of over 34% in one trading day [3].