Investor Alert: ASML Holdings Faces Class Action Lawsuit with Deadline for Filing Claims Approaching

Investors holding shares in ASML Holding N.V. should take note: the deadline to file as lead plaintiffs in a class action lawsuit is fast approaching. ClaimsFiler, a service designed to support shareholders, has issued a reminder for investors who suffered losses exceeding $100,000 between January 24, 2024, and October 15, 2024. The last date to submit claims is January 14, 2025.

Background of the Lawsuit

The impetus for this class action stems from allegations against ASML and its executives for failing to disclose critical information that could affect stock value, a violation of federal securities laws. During the relevant timeframe, ASML had initially projected a robust financial outlook. However, the reality was grim: on October 15, 2024, the company released its third-quarter results, showing a dramatic drop in quarterly bookings, which sank to €2.63 billion. This figure was a stark 53% plunge from €5.6 billion in the preceding quarter.

Moreover, ASML downgraded its annual sales forecasts, expecting figures between €30 billion and €35 billion for 2025, which fell short of previous projections that ranged from €30 billion to €40 billion. Additionally, their gross margin targets were slashed from a previous estimate of 54%-56% down to 51%-53%. These announcements led to a substantial price drop in ASML's share value, which fell by approximately 16.3%. Just a day prior, shares were valued at $872.27 but closed at $730.43 on October 15, 2024.

The lawsuit, titled City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., is currently filed in the United States District Court for the Southern District of New York. This raises significant concerns about the company's transparency and the impact of its financial disclosures on investor decisions.

How to File a Claim

For those affected, ClaimsFiler offers a free service where investors can register for access to information regarding various securities class action cases. This resource not only helps in submitting claims but also provides users the ability to upload transactional data so they can be notified of relevant lawsuits or settlements in which they may have a financial interest.

To file a claim related to ASML, investors can visit claimsfiler.com or call toll-free at (844) 367-9658. Legal consultants from Kahn Swick & Foti, LLC are available to discuss the situation and explore potential legal options available to investors.

It’s essential for shareholders to understand their rights and potential avenues for recovery, especially when significant financial losses have occurred. The focus here is on timely action; failure to file before the deadline could mean forfeiting any recovery efforts associated with this class action lawsuit.

Conclusion

The ASML class action is a reminder of the volatility present in the stock market and the responsibility companies hold in providing accurate information to their shareholders. As the filing deadline approaches, it becomes increasingly crucial for impacted investors to consider their options and seek appropriate legal counsel. Those with losses over $100,000 during the stated period should take immediate action to prepare their claims, ensuring they do not miss out on their chance for potential compensation.