James Hardie Investors Face Dec. 23 Deadline in Securities Class Action Over Alleged Channel Stuffing

Overview

• Under the PSLRA, investors seeking to lead the case must move by December 23, 2025.
• The putative class action, Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, is pending in the U.S. District Court for the Northern District of Illinois, and no class has been certified.
• The proposed class covers purchasers of James Hardie common stock or ADS between May 20, 2025 and August 18, 2025.
• Plaintiffs allege executives misrepresented demand and inventory conditions in the North America Fiber Cement segment, with sales boosted by inventory loading rather than sustainable demand.
• James Hardie disclosed a 12% North America sales decline on August 19, 2025 tied to channel inventory normalization, the stock fell about 34% the next day, and multiple firms this week urged investors to contact them, flagged the November 17 CFO departure, and invited whistleblower tips.