Overview
- A securities class action is pending in the U.S. District Court for the Northern District of Illinois, captioned Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 25-cv-13018.
- The putative class covers purchases of James Hardie common stock or ADSs from May 20, 2025 through August 18, 2025, with ADSs converting to common shares on July 1, 2025.
- Plaintiffs allege the company denied distributor destocking and touted sustained strength in its key North America Fiber Cement segment while sales were buoyed by inventory loading described as having hallmarks of channel stuffing.
- On August 19, 2025, the company reported a 12% sales decline in the segment tied to a normalization of channel inventories, and the stock fell by over 34% to $18.64 by August 20 from $28.43 on August 18.
- Law firms are soliciting investors to seek appointment as lead plaintiff by December 23, 2025 under the PSLRA, and the allegations remain unproven with no class certified.