James Hardie(US:JHX) Prnewswire·2025-12-22 13:48Core Viewpoint - The article discusses a pending securities class action against James Hardie Industries plc, alleging that the company's management misled investors about inventory levels while being aware of destocking trends among channel partners [1][2]. Allegations of Misleading Information - The lawsuit claims that James Hardie senior management assured investors of "robust" and "normal" inventory levels despite knowing that channel partners were destocking as early as April 2025 [2][7]. - The alleged deception was disclosed on August 20, 2025, leading to a 34% drop in the company's stock price [2][7]. Financial Impact - Following the disclosure of declining sales in the North America Fiber Cement segment, which fell by 12% due to customer destocking, the stock price of James Hardie plummeted, resulting in significant financial losses for shareholders [7]. Legal Actions and Next Steps - Investors who purchased James Hardie stock between May 20, 2025, and August 18, 2025, and experienced substantial losses are encouraged to contact Hagens Berman to discuss legal options [5]. - The firm is actively investigating claims related to the alleged inventory deception and is urging affected investors to submit their information [3][5].