Core Viewpoint - James Hardie Industries plc is facing significant legal and financial challenges following a 34% drop in share price attributed to alleged securities fraud related to misleading statements about inventory levels and customer demand in its North American segment [2][8]. Company Developments - The company announced the departure of its CFO, Rachel Wilson, on November 17, 2025, with Ryan Lada appointed as her replacement [1]. - The North America Fiber Cement segment, which accounts for approximately 80% of the company's total earnings, is at the center of the allegations [5]. Legal Issues - A class-action lawsuit has been filed against James Hardie and certain executives, claiming violations of the Securities Exchange Act of 1934 due to misleading statements made between May 20, 2025, and August 18, 2025 [4]. - The lawsuit alleges that management denied significant inventory destocking trends and misrepresented customer demand, which led to inflated sales figures [6][7]. Financial Impact - Following the disclosure of a 12% decline in sales in the North America Fiber Cement division, the company's stock price fell sharply, resulting in substantial losses for investors [7][8]. - The lawsuit seeks damages for the financial injuries suffered by investors due to the alleged wrongful acts during the class period [8]. Investigation - Hagens Berman is actively investigating the claims against James Hardie, focusing on whether sales were driven by unsustainable practices and if senior management was aware of the issues [9].

Core Viewpoint - A class-action lawsuit has been filed against James Hardie Industries plc, alleging securities fraud related to misleading information about inventory levels and customer demand in its North American segment [1][2]. 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][3]. - The plaintiffs claim that James Hardie's North America Fiber Cement segment, which accounts for approximately 80% of total earnings, was misrepresented by management despite signs of inventory destocking [3][4]. Group 2: Allegations of Misrepresentation - Executives allegedly made false statements around May 20 and 21, 2025, claiming robust customer demand while denying any inventory destocking [4][5]. - The complaint suggests that sales were artificially inflated due to "inventory loading by channel partners," indicating potential fraudulent practices [4][5]. Group 3: Impact of Disclosure - On August 19, 2025, James Hardie disclosed a 12% decline in sales for its North America Fiber Cement division, attributing it to the customer destocking previously denied [5][6]. - Following this disclosure, the company's stock price fell by over 34%, leading to significant losses for investors [6][7]. Group 4: Investigation and Next Steps - Hagens Berman is investigating the claims and is seeking information from investors who may have suffered losses or possess relevant knowledge [7][8]. - Whistleblowers with non-public information are encouraged to assist in the investigation, with potential rewards under the SEC Whistleblower program [9].

Core Viewpoint - A class-action lawsuit has been filed against James Hardie Industries plc, alleging securities fraud related to misleading investors about inventory levels and customer demand in its North American segment [1][2]. 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][3]. - The plaintiffs claim that James Hardie's North America Fiber Cement segment, which accounts for approximately 80% of total earnings, was misrepresented by management despite signs of inventory destocking [3][4]. Group 2: Allegations of Misrepresentation - Executives allegedly made false statements around May 20 and 21, 2025, claiming robust customer demand while denying any inventory destocking [4][5]. - The complaint suggests that sales were artificially inflated due to "inventory loading by channel partners," indicating potential fraudulent practices [4][5]. Group 3: Impact of Disclosure - On August 19, 2025, James Hardie disclosed a 12% decline in sales for its North America Fiber Cement division, attributing it to the customer destocking previously denied [5][6]. - Following this disclosure, the company's stock price fell by over 34%, leading to significant losses for investors [6]. Group 4: Investigation and Next Steps - Hagens Berman is investigating the claims and is seeking information from investors who may have suffered losses or have knowledge relevant to the case [7][8]. - The firm is also encouraging whistleblowers with non-public information to come forward, potentially benefiting from the SEC Whistleblower program [9].

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].