James Hardie(US:JHX) Globenewswire·2025-12-23 17:40Core 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 [2][5]. Group 1: Allegations and Legal Proceedings - The lawsuit claims that James Hardie's senior management falsely represented inventory levels as "robust" while being aware of destocking by channel partners since April 2025 [2][7]. - Following the disclosure of these alleged misrepresentations on August 20, 2025, James Hardie's stock price fell by 34%, resulting in substantial losses for investors [2][7]. - Investors who purchased James Hardie stock between May 20, 2025, and August 18, 2025, and experienced losses are encouraged to contact Hagens Berman for potential legal action [5][6]. Group 2: Company Performance and Market Impact - The complaint highlights that sales in the North America Fiber Cement segment declined by 12% due to customer destocking, which was not disclosed to investors until August 2025 [7]. - The alleged concealment of inventory loading practices by channel partners contributed to the misleading narrative of strong customer demand [7]. - The abrupt resignation of CFO Rachel Wilson on November 17, 2025, followed the stock's significant decline, indicating potential internal turmoil related to the allegations [2].