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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 declining North America Fiber Cement sales, resulting in a 34% stock price drop.

Insights
GSK   positive

Offering scientifically backed nutraceutical ingredients focused on immune support, vitamins, and minerals


JHX   negative

Stock declined 34% after revealing unexpected 12% sales drop in North America Fiber Cement segment, with potential legal action for inadequate disclosure of material information