ASML INVESTOR NEWS: ASML Holding N.V. Investors are Notified that the Company has been Sued for Securities Fraud and are Urged to Contact BFA Law (NASDAQ:ASML)

Core Viewpoint - A lawsuit has been filed against ASML Holding N.V. and certain senior executives for potential violations of federal securities laws, with claims related to misleading statements about the impact of export controls on the company's financial outlook [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., et al., No. 24-cv-8664 [2]. - Investors have until January 13, 2025, to request to lead the case [2]. Group 2: Company Performance and Market Conditions - ASML is a key supplier in the semiconductor industry, providing photolithography machines essential for chipmakers [3]. - On October 15, 2024, ASML reported earnings significantly below expectations, attributing this to a slower-than-expected market recovery, leading to a 16% drop in stock price from $872.27 to $730.43 per share [4]. - During the earnings call on October 16, 2024, ASML indicated that the decline in sales to China would negatively affect gross margins, resulting in a further 6.4% decline in stock price to $683.52 per share [5].