Core Viewpoint - The complaint alleges that James Hardie Industries plc misled investors regarding the performance of its North America Fiber Cement segment, leading to significant financial losses for investors [2]. Group 1: Allegations and Financial Impact - The company and its executives are accused of violating federal securities laws by making false statements and failing to disclose inventory destocking by distributors between May 20 and August 18, 2025 [2]. - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected earnings for fiscal 2026 due to high borrowing costs [2]. - Following the announcement, the price of James Hardie's American Depositary Receipt (ADR) fell by $9.79, or 34.44%, closing at $18.64 per ADR on August 20, 2025 [3]. Group 2: Legal Proceedings - The lead plaintiff in the class action is the investor with the largest financial interest in the case, who will oversee the litigation on behalf of the class [4]. - Any member of the putative class can apply to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [4]. Group 3: Call for Information - The law firm Faruqi & Faruqi encourages individuals with information regarding James Hardie's conduct, including whistleblowers and former employees, to come forward [5].
JHX INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In JHX To Contact Him Directly To Discuss Their Options