James Hardie Industries Settles New Zealand Weathertightness Case
James Hardie Industries plc American Depositary Shares (Ireland) (JHX)
US:NYSE Investor Relations:
ir.jameshardie.com.au/jh/home.jsp
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Source: Business Wire
James Hardie Will Receive NZ$1.25 Million Settlement Payment SYDNEY & CHICAGO--(BUSINESS WIRE)-- James Hardie Industries plc (ASX: JHX; NYSE: JHX), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, is pleased to announce that the weathertightness class action litigation brought against James Hardie before the Auckland High Court has been settled (Case No. CIV-2015-404-2981, previously described by James Hardie as the “White litigation”). As part of the settlement James Hardie will receive a payment of NZ$1.25 million.John Arneil, Country Manager ANZ, said, “While we are happy with this outcome, and believe the settlement supports our continued belief that the allegations lacked merit and we behaved as a responsible manufacturer, we remain very sympathetic to homeowners negatively impacted by weathertightness issues.”The terms of the settlement are not confidential. The key settlement terms include:Harbour Litigation Funding
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JHX
Sec Filings
- 4/12/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/29/24 - Form 6-K
- JHX's page on the SEC website