The lawsuit centers on the claim that James Hardie executives made assurances that the North America segment remained strong and that distributor inventory levels were normal. The complaint alleges that management knew by April and early May 2025 that distributors were aggressively destocking (reducing) inventory, yet continued to mislead investors by touting sales that were allegedly inflated by inventory loading rather than genuine demand. "The complaint alleges that James Hardie repeatedly used terms lik ...