James Hardie(US:JHX) Globenewswire·2025-12-22 13:22Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors regarding the performance of its North America Fiber Cement segment during the specified Class Period [1][3]. Company Overview - James Hardie Industries plc is a global building materials company headquartered in Dublin, Ireland, and is recognized as the world's largest manufacturer of fiber cement products [2]. Allegations - The lawsuit claims that James Hardie misrepresented the strength of its core North America Fiber Cement segment, stating that demand was strong and inventory levels were normal, while being aware that distributors were destocking inventory by April and early May 2025 [3]. Stock Performance - Following the company's disclosure of a 12% decline in the North America Fiber Cement segment on August 19, 2025, which was attributed to "normalization of channel inventories," the stock price plummeted by over 34%, resulting in significant losses for investors [4].