Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Company Overview - James Hardie Industries plc is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the United States and Canada [4]. Allegations and Misrepresentation - During the relevant period, James Hardie claimed that its North American fiber cement segment showed "inherent strength" and "underlying momentum," while in reality, sales were inflated due to inventory loading by channel partners, indicating fraudulent channel stuffing rather than genuine customer demand [5]. Stock Performance and Impact - On August 19, 2025, James Hardie disclosed a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers. This revelation led to a stock price drop of $9.79 per share, over 34%, from $28.43 to $18.64 within a day [6].

NEW YORK, Nov. 13, 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 a 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-i ...

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud, following a significant drop in stock price attributed to potential violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in James Hardie common stock [4]. - Investors have until December 23, 2025, to request to lead the case in the U.S. District Court for the Northern District of Illinois [4]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [5]. Group 3: Allegations of Misrepresentation - During the relevant period, James Hardie claimed strong performance in its North American fiber cement segment, asserting "inherent strength" and "underlying momentum" in its strategy [6]. - The lawsuit alleges that the reported sales were due to inventory loading by channel partners rather than genuine customer demand, indicating potential fraudulent practices [6]. Group 4: Stock Performance Impact - On August 19, 2025, James Hardie disclosed a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers [7]. - Following this announcement, the stock price plummeted by $9.79 per share, a decrease of over 34%, from $28.43 to $18.64 [7].

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [2][4]. Company Overview - James Hardie Industries plc is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [5]. Allegations and Financial Performance - The lawsuit claims that during the relevant period, James Hardie misrepresented the strength and momentum of its North American fiber cement segment, suggesting that sales were driven by sustainable customer demand rather than inventory loading by channel partners [6]. - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, revealing that customers were destocking inventory, which was first identified in April and May [7]. Stock Market Reaction - Following the disclosure of the sales decline, James Hardie's stock price fell by $9.79 per share, a decrease of over 34%, from $28.43 on August 19, 2025, to $18.64 on August 20, 2025 [7].

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Company Overview - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the United States and Canada [4]. Allegations and Misrepresentation - During the relevant period, James Hardie claimed that its North American fiber cement segment showed "inherent strength" and "underlying momentum," while in reality, sales were driven by inventory loading by channel partners, indicating fraudulent channel stuffing rather than sustainable customer demand [5]. Stock Performance and Impact - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers. Following this announcement, the stock price plummeted by $9.79 per share, a decrease of over 34%, from $28.43 to $18.64 [6].

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc, alleging that the company misled investors regarding inventory destocking in its North America Fiber Cement segment, leading to a significant drop in stock price after the truth was revealed [1][2][3]. Group 1: Allegations and Misleading Statements - Robbins LLP is investigating allegations that James Hardie Industries plc made false statements during the class period, particularly regarding the strength of its North America Fiber Cement segment despite early signs of inventory destocking [2]. - The complaint states that James Hardie assured investors on May 20 and 21, 2025, that the segment remained strong, while in reality, there were signs of inventory loading by channel partners, indicating unsustainable demand [2]. Group 2: Impact on Stock Price - On August 19, 2025, James Hardie disclosed a 12% decline in sales for its North America Fiber Cement segment due to customer destocking, which had been known to the company since April and May [3]. - Following this disclosure, the company's stock price fell by over 34%, dropping from $28.43 per share on August 18, 2025, to $18.64 per share on August 20, 2025, reflecting a loss of $9.79 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their papers to the court by December 23, 2025, to serve as lead plaintiff, representing other class members [4]. - It is noted that shareholders do not need to participate in the case to be eligible for recovery, allowing them to remain absent class members if they choose [4].

Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors about inventory destocking during a challenging market period [2][3]. Group 1: Allegations and Misleading Statements - Robbins LLP is investigating claims that James Hardie made false statements regarding the strength of its North America Fiber Cement segment, despite evidence of inventory destocking starting in April and May 2025 [2]. - The complaint alleges that James Hardie engaged in fraudulent channel stuffing, misrepresenting sales as being driven by sustainable customer demand [2]. Group 2: Impact on Stock Price - On August 19, 2025, James Hardie disclosed a 12% decline in sales for its North America Fiber Cement segment, which led to a significant drop in stock price by over 34%, from $28.43 to $18.64 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by December 23, 2025, although participation is not required to be eligible for recovery [4].