Hagens Berman Probes James Hardie as Lead-Plaintiff Deadline Nears in JHX Securities Case

Overview

• Hagens Berman said it is investigating allegations that reported North America Fiber Cement growth was sustained by undisclosed inventory loading with channel partners.
• James Hardie’s shares fell about 34% after the Aug. 19 disclosure of a 12% sales decline attributed to “normalization of channel inventories.”
• The proposed class period spans May 20 to Aug. 18, 2025, with claims brought under Sections 10(b), 20(a) and SEC Rule 10b-5.
• Other plaintiff firms, including The Schall Law Firm and Levi & Korsinsky, are recruiting class members as the court considers lead-plaintiff applications.
• The allegations are unproven, no class has been certified, and Hagens Berman says it is also reviewing the Nov. 17 CFO change for potential relevance.