James Hardie Investors Face Dec. 23 Deadline in Securities Suit Over Alleged North America Channel Misstatements
Plaintiffs' firms are urging investors to seek lead-plaintiff roles in an Illinois case accusing the company of concealing distributor destocking.
Overview
- The putative class period spans May 20 through August 18, 2025, with Levi & Korsinsky, Hagens Berman, Faruqi & Faruqi, and Rosen Law notifying investors about their rights.
- Filings assert that executives overstated the health of the North America Fiber Cement unit and downplayed abnormal distributor inventory trends known by April and early May.
- On August 19–20, 2025, the company reported a 12% North America sales decline, a 29% first-quarter profit drop, and a weaker fiscal 2026 outlook, and the ADR fell about 34% to $18.64.
- The case is pending in the U.S. District Court for the Northern District of Illinois under Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie Industries plc, and no class has been certified.
- Several firms are also seeking whistleblowers with non-public information and reference potential SEC whistleblower awards.