James Hardie Securities Suit Advances as Firms Urge Investors to Meet Dec. 23 Lead-Plaintiff Deadline

Plaintiffs allege the company concealed destocking in its key North America unit, leading to a sharp post-disclosure selloff.

Overview

Multiple investor-rights firms issued notices reminding JHX shareholders to move for lead-plaintiff status by December 23, 2025 under the PSLRA.
The case, Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 25-cv-13018, is pending in the U.S. District Court for the Northern District of Illinois.
The putative class covers purchases from May 20 to August 18, 2025, when James Hardie’s American Depositary Shares had converted to common stock on July 1, 2025.
The complaint claims executives misrepresented demand and inventory conditions in the North America Fiber Cement segment and that reported sales reflected inventory loading with hallmarks of channel stuffing.
On August 19, 2025, the company reported a 12% North America sales decline attributed to “normalization of channel inventories,” followed by a share drop of over 34%, and on November 17 it announced CFO Rachel Wilson’s departure and appointed Ryan Lada.