James Hardie Investors Face Dec. 23 Deadline in U.S. Securities Case Over Inventory Disclosures

Overview

• The putative class action is pending in the U.S. District Court for the Northern District of Illinois as Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 25-cv-13018.
• The class period spans May 20 to August 18, 2025, and includes investors after the July 1 conversion of American Depositary Shares into common stock.
• Plaintiffs allege executives denied distributor destocking observed in April and early May 2025 and misrepresented demand in the key North America Fiber Cement business.
• On August 19, the company disclosed a 12% sales decline in the segment linked to inventory normalization expected to weigh on results for at least two quarters, and shares fell more than 34% by August 20.
• Following a November 17 CFO transition from Rachel Wilson to Ryan Lada, law firms including Hagens Berman, Kahn Swick & Foti/ClaimsFiler, and Faruqi & Faruqi are soliciting lead-plaintiff applicants, and the allegations have not been proven.