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ASML COURT DEADLINE: ASML Holding N.V. Investors that Lost Money may have been Affected by Fraud – Contact BFA Law by Monday's Legal Deadline (NASDAQ:ASML)
ASML HoldingASML Holding(US:ASML) GlobeNewswire News Room·2025-01-11 13:15

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, particularly concerning 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 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]. Group 2: Company Performance and Allegations - ASML is a key supplier in the semiconductor industry, providing photolithography machines essential for chip manufacturing [3]. - The complaint alleges that ASML misled shareholders by claiming that new export controls would not materially affect its financial outlook and that sales recovery was on track [3]. Group 3: Financial Impact - 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 the company cited cautious customer behavior and declining sales to China, the stock price fell an additional 6.4%, closing at $683.52 per share [5].