James Hardie Investors Face Dec. 23 Deadline in Securities Class Action

The case alleges the company overstated North American fiber cement momentum by hiding distributor destocking.

Overview

Multiple investor law firms are urging shareholders who bought JHX between May 20 and August 18, 2025 to seek lead-plaintiff status by December 23, 2025.
The lawsuit is pending in the U.S. District Court for the Northern District of Illinois under No. 1:25-cv-13018 and asserts claims under Sections 10(b) and 20(a) and SEC Rule 10b-5.
Plaintiffs contend James Hardie described demand as strong and customer stock levels as normal despite knowing distributors were reducing inventories.
The complaint further alleges reported North American sales reflected inventory loading by channel partners rather than sustainable end-market demand.
On August 19, 2025 the company disclosed a 12% North America sales decline tied to inventory normalization, and the stock fell more than 34% the next trading day; the company later announced CFO Rachel Wilson would step down on November 17, 2025.