TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

JHX COURT ALERT: James Hardie Industries plc Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by December 23

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
JHX COURT ALERT: James Hardie Industries plc Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by December 23

James Hardie Industries is facing a securities fraud class action lawsuit alleging fraudulent channel stuffing in its North American fiber cement segment, resulting in a significant stock price drop after revealing declining sales and inventory destocking.

Insights
NBIS   positive

Secured a previous $17.4 billion contract with Microsoft, indicating strong position in AI infrastructure market


JHX   negative

The company is accused of misrepresenting sales performance through inventory loading, experienced a 34% stock price drop, and is facing a securities fraud lawsuit with potential financial and reputational damages