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News  ›  GlobeNewswire Inc.

Deadline Alert: James Hardie Industries plc (JHX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: James Hardie Industries plc (JHX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

James Hardie Industries faces a class action lawsuit alleging securities fraud after disclosing a 12% sales decline in North America Fiber Cement segment, causing stock price to drop 34.4%.

Insights
RGTI   neutral

Most extreme valuation (1,111x sales) with vertically integrated approach, but very low projected revenue creates significant investment uncertainty


JHX   negative

Stock price dropped 34.4% after revealing sales decline, potential fraudulent channel inventory practices, and misleading investor communications