James Hardie Investors Face December 23 Deadline in Federal Securities Class Action

Plaintiffs say the company concealed distributor destocking that later coincided with a sharp August share plunge.

Overview

The case is pending in the U.S. District Court for the Northern District of Illinois as Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 1:25-cv-13018.
The putative class covers purchases between May 20 and August 18, 2025, when executives allegedly described demand as strong and customer stock levels as normal despite reported destocking.
On August 19, 2025, the company reported a 12% decline in North America Fiber Cement sales and warned destocking would persist, and the shares fell about 34% to $18.64 on August 20.
The complaint asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of U.S. investors in James Hardie common stock/ADRs.
Kahn Swick & Foti, Faruqi & Faruqi, and Bleichmar Fonti & Auld have issued investor alerts urging shareholders to consider moving for lead-plaintiff status by December 23, 2025.