James Hardie Investors Face Dec. 23 Deadline to Seek Lead Role in Securities Suit Over Alleged Destocking Deception
The case in federal court in Illinois centers on claims that disclosures about North America Fiber Cement demand masked distributor destocking.
Overview
- The putative class action is captioned Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 25-cv-13018, in the Northern District of Illinois.
- Investors who bought JHX common stock between May 20 and August 18, 2025 may move to be appointed lead plaintiff by December 23, 2025.
- Plaintiffs allege executives denied distributor destocking and touted strong demand while sales reflected inventory loading with hallmarks of channel stuffing.
- On August 19, 2025, the company reported a 12% North America Fiber Cement sales decline tied to a “normalization of channel inventories,” and the stock fell about 34% the next day.
- Law firms including Rosen, Robbins Geller, Glancy Prongay & Murray, DJS Law Group, and The Schall Law Firm have issued notices soliciting class members, and no class has been certified.