Lead-Plaintiff Deadline Nears in James Hardie Securities Case Over Alleged Inventory Misstatements
Shareholders have until December 23 to seek lead-plaintiff status in the Illinois action alleging misstatements tied to the North America Fiber Cement business.
Overview
- Multiple plaintiff firms are urging investors who bought James Hardie securities from May 20 to August 18, 2025 to move for lead-plaintiff status by December 23, 2025.
- The putative class action, filed in the Northern District of Illinois as Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie, No. 25-cv-13018, alleges violations of Sections 10(b), 20(a) and Rule 10b-5.
- Plaintiffs claim the company overstated demand and downplayed distributor destocking in its key North America Fiber Cement segment during the class period.
- On August 19, 2025, James Hardie reported a 12% sales decline in the segment attributed to channel inventory normalization, and the stock fell more than 34% the next day.
- Hagens Berman highlights the November 17 CFO transition from Rachel Wilson to Ryan Lada as investor outreach and whistleblower inquiries continue.