James Hardie Investors Face Dec. 23 Lead‑Plaintiff Deadline in Securities Class Action
Plaintiffs accuse the building‑materials maker of hiding distributor destocking that preceded a sharp sales drop.
Overview
- Investors have filed a federal securities class action in the Northern District of Illinois alleging violations of Sections 10(b) and 20(a) and SEC Rule 10b‑5.
- The putative class covers purchasers of James Hardie securities from May 20, 2025 through August 18, 2025.
- On August 19, 2025, the company reported a 12% decline in North America Fiber Cement sales, describing it as a normalization of channel inventories.
- Law firms including Bernstein Liebhard, The Schall Law Firm, DJS Law Group, and Hagens Berman are soliciting shareholders before the December 23, 2025 lead‑plaintiff filing deadline.
- Hagens Berman reports the stock fell more than 34% on August 20, 2025 after the disclosure, and the case remains at an early stage with no class certified and allegations unproven.