Faruqi & Faruqi Reminds AMMO Inc Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 13, 2025 - ASML

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against ASML Holding N.V. due to alleged violations of federal securities laws, encouraging affected investors to come forward before the January 13, 2025 deadline for lead plaintiff applications in a federal securities class action [2][4]. Group 1: Allegations Against ASML - The complaint alleges that ASML and its executives made false and misleading statements regarding the severity of issues faced by suppliers in the semiconductor industry, which were more severe than indicated [4]. - It is claimed that the recovery pace of sales in the semiconductor industry was slower than publicly acknowledged by ASML [4]. - The defendants allegedly created a false impression of having reliable information on customer demand and growth while downplaying risks from macroeconomic fluctuations and stronger export regulations affecting semiconductor technology [4]. - As a result, the statements made by ASML regarding its business operations and prospects lacked a reasonable basis [4]. Group 2: Financial Performance and Impact - On October 15, 2024, ASML reported third-quarter earnings showing quarterly bookings of €2.63 billion, a significant decline of 53% quarter-over-quarter [5]. - The company projected full-year 2025 total net sales to be between €30 billion and €35 billion, with a gross margin expected between 51% and 53% [5]. - Following the earnings announcement, ASML's stock price dropped by $141.84, or 16.26$730.43 per share, resulting in financial injury to investors [5].