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 slow recovery in traditional semiconductor markets and a 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].
ASML LEGAL DEADLINE: The ASML Holding N.V. January 13 Securities Fraud Deadline is Approaching – Contact BFA Law if You Lost Money (NASDAQ:ASML)