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News  ›  GlobeNewswire Inc.

JHX INVESTOR REMINDER: James Hardie Industries plc Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
JHX INVESTOR REMINDER: James Hardie Industries plc Investors may have been Affected by Fraud -- Contact BFA Law if You Suffered Losses

A class action lawsuit has been filed against James Hardie Industries for alleged securities fraud, claiming the company misrepresented its North American fiber cement sales by artificially inflating inventory levels, which led to a significant stock price drop of over 34%.

Insights
META   positive

Strong expected growth of 22% revenue and 11% earnings, indicating robust performance


JHX   negative

The company is accused of fraudulently misrepresenting sales performance through inventory loading, which resulted in a 34% stock price decline and triggered a class action lawsuit alleging securities fraud