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
Citi slashes PT, downgrades rating on James Hardie over uncertain 2027 US housing market
James Hardie's ASX shares slide; Morgan Stanley flags tougher housing backdrop
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions