ASML LEGAL UPDATE: What does the ASML Holding N.V. Class Action Mean for You?

Core Viewpoint - A class action lawsuit has been filed against ASML Holding N.V. and certain senior executives for alleged violations of federal securities laws, claiming misleading statements regarding 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 Matar v. ASML Holding N.V., et al., No. 24-cv-9908 [2]. - Investors have until January 13, 2025, to request to be appointed to lead the case [2]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ASML ordinary shares, call options, and/or put options [2]. Group 2: Company Performance and Market Reaction - 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].