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News  ›  GlobeNewswire Inc.

James Hardie Industries Securities Fraud Class Action Result of Sales Issues and +34% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kahn Swick & Foti, Llc
James Hardie Industries Securities Fraud Class Action Result of Sales Issues and +34% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF

James Hardie Industries faces a securities class action lawsuit alleging failure to disclose material information about sales decline in North America Fiber Cement segment, resulting in a 34% stock price drop.

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JHX   negative

Company experienced significant stock price decline of 34% after revealing unexpected 12% sales decline in North America Fiber Cement segment, and is now facing a securities fraud class action lawsuit for allegedly failing to disclose material information