ASML Holding(US:ASML) Prnewswireยท2024-12-12 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ASML Holding N.V. regarding a class action lawsuit due to alleged misleading statements and omissions related to the semiconductor industry [1][2]. Group 1: Allegations - The complaint alleges that ASML's management provided materially false and/or misleading statements about the severity of issues faced by suppliers in the semiconductor industry [2]. - It is claimed that the recovery pace of sales in the semiconductor industry was slower than publicly acknowledged by ASML [2]. - The defendants allegedly created a false impression of having reliable information on customer demand and growth while downplaying risks from macroeconomic fluctuations and regulatory restrictions on semiconductor technology exports [2]. - As a result, the statements made by ASML regarding its business operations and prospects lacked a reasonable basis [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as January 24, 2024, to October 15, 2024 [2]. - Shareholders are encouraged to register for the class action by January 13, 2025, to be eligible for potential recovery [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].