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News  ›  GlobeNewswire Inc.

James Hardie Industries plc (JHX) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Robbins Geller Rudman & Dowd Llp
James Hardie Industries plc (JHX) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law

James Hardie Industries faces a class action lawsuit alleging securities fraud related to misleading statements about North America Fiber Cement sales and inventory destocking, with stock price dropping over 34% after disclosure.

Insights
BHFAM   neutral

Being sold to Aquarian Capital LLC for $70.00 per share, potential investigation indicates possible scrutiny of sale conditions


JHX   negative

Lawsuit alleges fraudulent misrepresentation of sales performance, deliberately misleading investors about customer inventory levels, resulting in significant stock price decline of over 34%