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ASML FRAUD NOTICE: BFA Law Alerts ASML Holding N.V. Investors of the January 13 Securities Fraud Deadline – Contact the Firm if You Incurred Losses (NASDAQ:ASML)
ASML HoldingASML Holding(US:ASML) GlobeNewswire News Room·2024-12-12 12:19

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 new 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 Allegations - ASML is a key supplier in the semiconductor industry, providing photolithography machines essential for chipmakers [3]. - The complaint alleges that ASML misrepresented the effects of new Dutch export controls on its financial outlook, claiming that the company was on a recovery path [3]. - On October 15, 2024, ASML reported earnings significantly below expectations, attributing this to a slower-than-anticipated market recovery, resulting in a 16% drop in stock price from $872.27 to $730.43 per share [4]. - Following an earnings call on October 16, 2024, where ASML cited cautious customer behavior and declining sales to China, the stock fell an additional 6.4% to $683.52 per share [5].