James Hardie to Defend Class Action
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| Stock | James Hardie Industries Plc (JHX.ASX) |
|---|---|
| Release Time | 9 Jun 2026, 8:27 a.m. |
| Price Sensitive | Yes |
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James Hardie to Defend Class Action
Key Points
- James Hardie faces a class action lawsuit in Victoria
- Allegations include breaches of the Corporations Act, ASIC Act, and Consumer Law
- The company denies any wrongdoing and plans to defend the proceedings
Full Summary
James Hardie Industries plc has been served with a group proceeding filed in the Supreme Court of Victoria. The proceeding is brought on behalf of individuals who acquired James Hardie securities between May 21, 2025, and August 19, 2025. The lawsuit alleges that James Hardie breached the Corporations Act 2001, the Australian Securities and Investments Commission Act 2001, and the Australian Consumer Law, specifically regarding certain forward-looking statements made about financial performance during the period. James Hardie denies any liability and intends to vigorously defend the proceedings.
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