NEW YORK, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against James Hardie Industries plc (NYSE: JHX) and certain of the Company’s senior executives for securities fraud after significant stock drop resulting from the potential violations of the federal securities laws. If you invested in James Hardie, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/james-hardie-ind ...

Core Viewpoint - The James Hardie Industries plc is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misled investors about the strength of its North America Fiber Cement segment during a period of inventory destocking [1][4]. Company Overview - James Hardie designs and manufactures a variety of fiber cement building products, operating manufacturing plants in both the United States and Australia [3]. Allegations of the Lawsuit - The lawsuit claims that despite early signs of inventory destocking by customers in April and May 2025, James Hardie executives made false assurances to investors about the segment's strength and denied any inventory destocking was occurring [4]. - It is alleged that the company engaged in fraudulent channel stuffing, misleading investors about sustainable customer demand [4]. - On August 19, 2025, James Hardie reported a 12% decline in sales for the North America Fiber Cement segment due to the previously undisclosed customer destocking, leading to a stock price drop of over 34% [5]. Legal Process - Investors who purchased James Hardie common stock during the specified class period (May 20, 2025, to August 18, 2025) have until December 23, 2025, to seek appointment as lead plaintiff in the class action lawsuit [1][6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7].

Core Viewpoint - A class action securities lawsuit has been filed against James Hardie Industries plc, alleging securities fraud that negatively impacted investors between May 20, 2025, and August 18, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that James Hardie made false statements and concealed adverse facts regarding its North America segment, including deteriorating consumer demand and growth [2]. - It is alleged that overstocking was the main driver of growth in the North America segment during the class period, rather than genuine consumer demand, leading to excessive inventory at distributors [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until December 23, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc for allegedly making false statements regarding its business performance during the Class Period from May 20, 2025, to August 18, 2025 [1][2] Allegations of Misconduct - The complaint claims that James Hardie misled investors by stating that demand remained strong and inventory levels were normal, despite knowing that its North America Fiber Cement distributors were destocking inventory as early as April and May 2025 [2] - The positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [2] Lead Plaintiff Process - Investors in James Hardie have until December 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3] - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3] Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]

Core Viewpoint - James Hardie Industries plc (JHX) is rated as a BUY due to the market's overestimation of cyclicality risks and underappreciation of the company's structural transformation towards the repair & remodel (R&R) business [1] Group 1 - The market has discounted the cyclicality risk associated with JHX, indicating a potential mispricing of the stock [1] - The structural transformation of JHX into the R&R business is seen as a significant positive development that has not been fully recognized by investors [1]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential securities law violations at James Hardie Industries following a significant drop in profit and disappointing earnings guidance [2][3]. Financial Performance - On August 19, 2025, James Hardie Industries reported a 29% drop in profit for the first quarter of 2025 and provided lower-than-expected earnings guidance for fiscal 2026, attributing the decline to high borrowing costs [3]. - Following the earnings announcement, James Hardie's American Depositary Receipts (ADRs) fell by $9.79, or 34.4%, closing at $18.64 per ADR on August 20, 2025 [3]. Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in James Hardie to contact them to discuss potential legal options [1][2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [2].

Core Viewpoint - A shareholder has filed a securities class action lawsuit against James Hardie Industries plc, alleging misrepresentation regarding the strength of the Company's North America Fiber Cement segment during a challenging market period [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased or acquired James Hardie common stock between May 20, 2025, and August 18, 2025 [1]. - Defendants are accused of misrepresenting the performance of the North America Fiber Cement segment, claiming it remained strong despite market challenges [2]. Group 2: Legal Process - Interested parties wishing to serve as lead plaintiff must file necessary documents by December 23, 2025 [3]. - Participation as a lead plaintiff is not required to share in any potential recovery from the lawsuit [3]. Group 3: Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [4]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 for sixteen consecutive years [4].

Market Trends - James Hardie's shares fell to a more than five-year low due to rivals' warnings about the US housing market [1]

Core Points - Rosen Law Firm is reminding investors of James Hardie Industries plc about the December 23, 2025 deadline to secure counsel for a securities class action related to stock purchases made between May 20, 2025, and August 18, 2025 [2][3] Group 1: Class Action Details - Investors who purchased James Hardie common stock during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3] - A class action lawsuit has already been filed, and potential lead plaintiffs must move the Court by December 23, 2025 [4] - The lawsuit alleges that James Hardie misled investors regarding the strength of its North America Fiber Cement segment, claiming demand was strong while distributors were actually destocking inventory [6] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in securing significant settlements for investors [5] - The firm has been recognized for its performance in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 and recovering over $438 million for investors in 2019 [5]

Shares of James Hardie tumbled after one of its US building-materials peers issued a bearish outlook on demand and flagged a period of higher expenses https://t.co/AQzqjiEPO2 ...