James Hardie Investors Face Dec. 23 Deadline in U.S. Securities Class Action
The case alleges the company downplayed distributor destocking before an August disclosure that preceded a roughly 34% share drop.
Overview
- The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, captioned Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 25-cv-13018.
- Investors who bought James Hardie stock between May 20, 2025 and August 18, 2025 can seek appointment as lead plaintiff by December 23, 2025.
- Plaintiffs claim executives misrepresented the health of the North America Fiber Cement business while distributors were reducing inventory, asserting violations of Sections 10(b) and 20(a) and SEC Rule 10b-5.
- On August 19, 2025 the company reported a 12% sales decline in North America Fiber Cement tied to customer destocking and the stock fell more than 34% the next day.
- Multiple plaintiff firms are soliciting class members, the allegations remain unproven with no rulings on the merits or class certification, and the company recently announced CFO Rachel Wilson will step down.