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JHX: Kirby McInerney LLP Advises James Hardie Industries plc Investors of Class Action Lawsuit
Globenewswire· 2025-11-04 23:00
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company misled investors regarding the performance of its North America Fiber Cement segment during the specified class period from May 20, 2025, to August 18, 2025 [3]. Group 1: Lawsuit Details - The lawsuit claims that James Hardie falsely asserted that demand for its products remained strong, despite knowledge of inventory destocking among distributors [3]. - Investors who suffered losses on their James Hardie investments have until December 23, 2025, to request lead plaintiff appointment [2]. Group 2: Financial Impact - On August 19, 2025, James Hardie reported a 12% decline in North American net sales for fiscal Q1 2026, attributing this to lower volumes as customers adjusted inventory levels [4]. - Following the earnings report, James Hardie's share price dropped by $9.79, or approximately 34.4%, from $28.43 to $18.64 per share [4].
JHX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of James Hardie
Globenewswire· 2025-11-04 17:12
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc due to allegations of misleading investors about the strength of its North America Fiber Cement segment, with a deadline for lead plaintiff applications set for December 23, 2025 [4][6]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses exceeding $10,000 in James Hardie between May 20, 2025, and August 18, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against James Hardie, with a reminder of the December 23, 2025, deadline for seeking the role of lead plaintiff [4][8]. - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose critical information regarding inventory destocking [6]. Group 2: Financial Performance - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit for the period ending June 30, 2025, and projected lower-than-expected fiscal 2026 earnings due to high borrowing costs [6]. - Following the announcement of these financial results, 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 [7]. Group 3: Company Background - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [5]. - The firm is actively seeking information from whistleblowers, former employees, and shareholders regarding James Hardie's conduct [9].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of James Hardie
Prnewswire· 2025-11-03 15:03
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc due to allegations of misleading investors regarding the performance of its North America Fiber Cement segment between May 20 and August 18, 2025 [2][3]. Group 1: Legal Investigation - The firm is reminding investors of the December 23, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against James Hardie [2]. - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose that distributors were destocking inventory, despite claiming that demand was strong [3]. Group 2: Financial Impact - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected fiscal 2026 earnings due to high borrowing costs [3]. - 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 [4].
JHX Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against James Hardie Industries plc (JHX) - Contact Kessler Topaz Meltzer & Check, LLP
Prnewswire· 2025-11-02 15:44
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][3]. Group 1: Allegations Against James Hardie - The lawsuit claims that James Hardie misled investors by stating that demand for its products remained strong, despite knowing that its North America Fiber Cement distributors were destocking inventory [3]. - The complaint asserts that the positive statements made by the company about its business operations and prospects were materially misleading and lacked a reasonable basis [3]. Group 2: Legal Process and Participation - Investors who suffered losses during the Class Period can seek to be appointed as lead plaintiffs by December 23, 2025, through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff represents the interests of all class members in the litigation and is typically the investor or group of investors with the largest financial interest [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages James Hardie Industries plc Investors to Secure Counsel Before Important Deadline in Securities Class Action – JHX
Globenewswire· 2025-11-01 14:09
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of James Hardie Industries plc common stock, alleging that the company misled investors regarding the strength of its North America Fiber Cement segment during the specified Class Period from May 20, 2025, to August 18, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that James Hardie Industries misrepresented the demand for its products, stating that stock levels were "normal" despite knowledge of distributors destocking inventory [5]. - Investors who purchased shares during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by December 23, 2025, to represent the class in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in terms of the number of securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
Portnoy Law Firm Announces Class Action on Behalf of James Hardie Industries plc. Investors
Globenewswire· 2025-10-30 14:17
Core Viewpoint - James Hardie Industries plc. is facing a class action lawsuit due to a significant decline in sales, particularly in North America Fiber Cement, which has led to a substantial drop in stock price [1][3]. Group 1: Class Action Details - The Portnoy Law Firm is advising investors who purchased James Hardie securities between May 20, 2025, and August 18, 2025, to join a class action lawsuit [1]. - Investors have until December 23, 2025, to file a lead plaintiff motion [1]. Group 2: Sales Decline and Stock Impact - On August 19, 2025, James Hardie disclosed a 12% decline in North America Fiber Cement sales due to customer destocking, which was first identified by the company in April through May [3]. - Following this announcement, James Hardie's stock price fell by $9.79 per share, or 34.44%, closing at $18.64 per share on August 20, 2025 [3]. Group 3: Legal Representation - The Portnoy Law Firm specializes in representing investors in claims related to corporate wrongdoing and has recovered over $5.5 billion for aggrieved investors [4].
JHX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that James Hardie Industries plc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-10-28 16:00
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks damages for investors who purchased James Hardie securities between May 20, 2025, and August 18, 2025 [2]. - The complaint alleges that James Hardie made materially false and misleading statements regarding the demand for its North America Fiber Cement segment, which was actually experiencing weakening demand due to distributor inventory destocking known to the Company by April and early May 2025 [3]. - On August 19, 2025, James Hardie disclosed a 12% sales decline in the segment, attributing it to "normalization of channel inventories," which led to a more than 34% drop in the Company's share price, damaging investors [3]. Group 2: Next Steps for Investors - Investors who suffered losses in James Hardie have until December 23, 2025, to request to be appointed as lead plaintiff in the class action [4]. - Participation in any recovery does not require serving as lead plaintiff [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and attorneys' fees if successful [5]. - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud class actions [6].
SHAREHOLDER ALERT: DiCello Levitt LLP Announces That A Shareholder Class Action Has Been Filed Against James Hardie Industries plc (NYSE: JHX) Following “Destocking” Revelation
Globenewswire· 2025-10-27 22:42
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging violations of federal securities laws due to false and misleading statements regarding the company's business and operations [1][4]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased James Hardie shares between May 20, 2025, and August 18, 2025 [2]. - The allegations include misleading claims about the strength of the North America Fiber Cement segment, despite knowledge of distributor destocking [4]. Financial Impact - On August 19, 2025, James Hardie reported a 12% sales decline in the North America Fiber Cement segment, attributing it to "normalization of channel inventories," which led to a more than 34% drop in share price [4]. Legal Process - Investors wishing to serve as lead plaintiffs must file by December 23, 2025 [2]. - No class has been certified yet, meaning investors are not represented unless they retain counsel [3].
JHX ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of James Hardie Industries plc Investors
Globenewswire· 2025-10-27 21:40
Core 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][4]. Financial Performance - James Hardie reported a 12% decline in North American net sales for fiscal Q1 2026, attributed to lower volumes as customers adjusted inventory levels [3]. - Following the earnings announcement, James Hardie's share price fell by $9.79, or approximately 34.4%, from $28.43 to $18.64 [3]. Lawsuit Details - The lawsuit claims that James Hardie misrepresented the strength of its North American operations between May 20, 2025, and August 18, 2025, despite being aware of inventory destocking by distributors [4]. - The company allegedly falsely asserted that demand remained strong and inventory levels were normal during this period [4]. Investor Actions - Investors who suffered losses on their James Hardie investments have until December 23, 2025, to request lead plaintiff appointment [2]. - The law firm Kirby McInerney LLP is handling the case and encourages affected investors to reach out for more information [6].
James Hardie Industries (JHX) Lawsuit Alleges Securities Fraud Over Inventory Misstatements -- Hagens Berman
Globenewswire· 2025-10-27 18:09
Core Viewpoint - A class-action lawsuit has been filed against James Hardie Industries plc, alleging securities fraud related to misleading statements about inventory levels and customer demand in its North American segment [1][3][5]. Group 1: Lawsuit Details - The lawsuit, titled Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie Industries PLC, covers a class period from May 20, 2025, to August 18, 2025, and seeks damages for violations of the Securities Exchange Act of 1934 [2][4]. - The lead plaintiff deadline is set for December 23, 2025, and the lawsuit is filed on behalf of all investors who purchased James Hardie common stock during the specified class period [2]. Group 2: Allegations Against the Company - The complaint centers on the North America Fiber Cement segment, which accounts for approximately 80% of James Hardie's total earnings [3]. - Plaintiffs allege that management denied significant inventory destocking trends observed in April and May 2025, misleading investors about the segment's strength [3][4]. - Executives allegedly made false statements around May 20 and 21, 2025, claiming robust customer demand while denying inventory destocking, which concealed underlying sales issues [4]. Group 3: Impact of the Allegations - On August 19, 2025, James Hardie disclosed a 12% decline in sales for the North America Fiber Cement division, attributing it to the customer destocking previously denied [5]. - Following this disclosure, the company's stock price fell by over 34%, leading to significant losses for investors [6]. - The lawsuit aims to recover damages for investors who suffered financial injuries due to the alleged wrongful acts during the class period [6].