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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, at Kahn Swick & Foti, LLC

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, at Kahn Swick & Foti, LLC

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
META   neutral

Mentioned in market movers with a 1.62% gain, no specific analysis provided


JHX   negative

Company experienced significant stock price decline after revealing unexpected sales decline in North America Fiber Cement segment, and is now facing a securities fraud class action lawsuit for allegedly withholding material information from investors