ASML INVESTOR DEADLINE: ASML Holding N.V. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - The ASML class action lawsuit alleges that the company and its executives made misleading statements regarding the semiconductor industry's challenges and the company's performance, leading to significant stock price declines [3][4][5]. Company Overview - ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers [2]. Class Action Details - The class action lawsuit is titled "City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V." and covers purchasers of ASML ordinary shares from January 24, 2024, to October 15, 2024 [1]. - Investors have until January 13, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. Allegations Against ASML - The lawsuit claims that ASML misrepresented the severity of issues faced by suppliers in the semiconductor industry, the pace of recovery in sales, and downplayed risks from macroeconomic fluctuations and regulatory changes [3]. - On October 15, 2024, ASML reported a quarterly booking of €2.63 billion, a 53% decline from €5.6 billion in the previous quarter, and revised its full-year 2025 net sales expectations to between €30 billion and €35 billion [4]. - The gross margin target was also reduced to between 51% and 53%, down from 54% to 56% [4]. Impact on Stock Price - Following the announcement of poor booking results, ASML's stock price fell more than 16% [4]. - During an earnings call on October 16, 2024, ASML's executives acknowledged a slow recovery in the semiconductor market, leading to an additional stock price drop of over 6% [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased ASML shares during the class period to seek appointment as lead plaintiff [6]. - The lead plaintiff will represent the interests of all class members and can select a law firm for the litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases [7].