James Hardie Investors Face Dec. 23 Deadline to Seek Lead Role in U.S. Securities Class Action
Plaintiffs say the company misled investors about North America fiber cement demand by denying distributor destocking.
Overview
- The case 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 putative class period covers purchases of James Hardie common stock from May 20, 2025 through August 18, 2025.
- The complaint alleges the company and certain executives misrepresented the strength of the North America Fiber Cement segment and concealed inventory loading with hallmarks of channel stuffing.
- On August 19, 2025, the company disclosed a 12% sales decline in the North America Fiber Cement business, and the stock fell more than 34% by August 20, according to the filings.
- Robbins Geller, Bernstein Liebhard, and Glancy Prongay & Murray are soliciting investors to move for lead-plaintiff status by December 23, and the allegations remain unproven with no class certified.