Plaintiff Firms Mobilize in James Hardie Securities Case Ahead of Dec. 23 Deadline

Investors allege the company misrepresented North America Fiber Cement demand before disclosing a 12% sales drop that was followed by a 34% share decline.

Overview

The federal class action in the Northern District of Illinois, No. 25-cv-13018, covers purchases from May 20 to August 18, 2025, and seeks damages under Sections 10(b), 20(a) and Rule 10b-5.
Filings point to May 20–21, 2025 statements that denied distributor destocking, which plaintiffs say the company had already observed in April and early May.
Plaintiffs allege reported growth reflected inventory loading by distributors with hallmarks of channel stuffing rather than genuine primary demand.
On August 19, 2025, the company reported a 12% sales decline in North America Fiber Cement, described a normalization of channel inventories, warned of multi-quarter effects, and the stock fell to $18.64.
Law firms including Lowey Dannenberg, Levi & Korsinsky, Hagens Berman, Glancy Prongay & Murray, Berger Montague, Bragar Eagel & Squire, Kahn Swick & Foti, and Bleichmar Fonti & Auld are recruiting investors to seek lead-plaintiff status by December 23.