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Investor Notice: Robbins LLP Informs Stockholders of the Class Action Lawsuit Filed Against ASML Holding N.V.
ASML HoldingASML Holding(US:ASML) GlobeNewswire News Roomยท2024-11-15 23:22

Core Viewpoint - A class action lawsuit has been filed against ASML Holding N.V. by shareholders who purchased shares between January 24, 2024, and October 15, 2024, alleging that the company misled investors regarding the severity of issues in the semiconductor industry and the pace of recovery in sales [1][2]. Group 1: Allegations Against ASML - The lawsuit claims that ASML failed to disclose the severity of issues faced by suppliers in the semiconductor industry, which were more severe than indicated [2]. - It is alleged that the recovery pace of sales in the semiconductor industry was much slower than publicly acknowledged by ASML [2]. - The complaint states that ASML created a false impression of having reliable information on customer demand and anticipated growth while downplaying risks from macroeconomic fluctuations and stronger export regulations [2]. - As a result of these actions, ASML's stock has significantly declined, harming investors [2]. Group 2: Legal Proceedings - Shareholders interested in serving as lead plaintiffs must submit their applications to the court by January 13, 2025 [3]. - Participation in the case is not required to be eligible for recovery; shareholders can remain absent class members if they choose [3]. Group 3: About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]. - The firm has obtained over $1 billion for shareholders since its inception [4].