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News  ›  GlobeNewswire Inc.

SHAREHOLDER ALERT: DiCello Levitt LLP Announces That A Shareholder Class Action Has Been Filed Against James Hardie Industries plc (NYSE: JHX) Following “Destocking” Revelation

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Dicello Levitt Llp
SHAREHOLDER ALERT: DiCello Levitt LLP Announces That A Shareholder Class Action Has Been Filed Against James Hardie Industries plc (NYSE: JHX) Following “Destocking” Revelation

A class action lawsuit has been filed against James Hardie Industries for allegedly misleading investors about its North America Fiber Cement segment's performance, claiming the company concealed inventory destocking and falsely reported strong demand, leading to a 34% stock price drop.

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The lawsuit alleges deliberate misrepresentation of company performance, with accusations of hiding inventory normalization and causing significant investor losses through misleading statements