Fibre cement maker James Hardie to defend itself against investors' lawsuit over forecast
Fibre cement maker James Hardie to defend itself against investors' lawsuit over forecast June 9 (Reuters) - James Hardie Industries JHX.AX said on Tuesday it would defend itself against a class action lawsuit filed in an Australian court alleging breaches related to the fibre cement maker's financial forecast.
The proceeding was brought on behalf of investors who acquired interests in certain James Hardie securities between May 21 and August 19 last year, the company said.
(Reporting by Sherin Sunny in Bengaluru)
Recent news on James Hardie Industries
See all newsJames Hardie ASX shares climb as Jefferies backs pricing muscle
James Hardie to sell Fermacell for $981 million, looks to exit Europe (updated)
James Hardie to sell European operations to Holcim for $981 million
Brief: Holcim To Acquire Fermacell
James Hardie faces another class action over disclosures, earnings forecasts (updated)