Law Firms Urge James Hardie Investors To Seek Lead Role By Dec. 23 In Securities Case
The suit accuses the company of overstating North America Fiber Cement demand during distributor destocking.
Overview
- The federal case, Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, No. 25-cv-13018, is pending in the Northern District of Illinois.
- Investors who bought James Hardie common stock between May 20, 2025 and August 18, 2025 form the putative class, with American Depositary Shares having converted to common stock on July 1, 2025.
- Plaintiffs allege executives knew in April and early May 2025 that distributors were reducing inventories yet told investors the North America Fiber Cement segment remained strong.
- On August 19, 2025 the company disclosed a 12% sales decline tied to inventory normalization, and the stock fell about 34% the next day.
- No class has been certified, and multiple firms including Rosen Law Firm, Robbins Geller, Glancy Prongay & Murray, and DJS Law Group are soliciting investors on a contingency basis ahead of the lead-plaintiff deadline.