Important Deadline Approaches for ASML Shareholders Amid Class Action Lawsuit Concerns

ASML Shareholders Take Note: Class Action Lawsuit Update

Attention shareholders of ASML Holding N.V.! If you've experienced losses exceeding $100,000 while buying ASML shares between January 24, 2024, and October 15, 2024, this is crucial information for you. The window to file lead plaintiff applications for a significant class action lawsuit is closing fast, with a deadline set for January 14, 2025.

Background of the Lawsuit

The lawsuit, currently progressing in the United States District Court for the Southern District of New York, alleges that ASML and some of its executives failed to disclose critical information that might affect investor decisions during the specified period. The key accusations center on violations of federal securities laws which could have serious ramifications for the company and its stakeholders.

On October 15, 2024, ASML released its third quarter financial results, revealing a steep decline in bookings to €2.63 billion—a staggering 53% decrease from €5.6 billion recorded in the previous quarter. Furthermore, the company forecasted 2025 net sales would fall between €30 billion and €35 billion, indicating a downswing within its initial projections. In light of these findings, ASML adjusted its gross margin targets down to between 51% and 53%, much lower than earlier guidance which indicated expectations of 54% to 56%.

The immediate market reaction was dramatic. After the news broke, ASML's share price dropped significantly by approximately 16.3%, falling from $872.27 per share on October 14, 2024, to close at $730.43 on October 15, 2024. This sharp decline underscores the severity of the investors' grievances prompted by the company's disclosures—or lack thereof.

What ASML Investors Should Do

For shareholders seeking guidance on what to do next, ClaimsFiler stands ready to assist. The organization serves as a comprehensive resource for retail investors, providing access to important information about how to recover losses through various securities class action settlements. Shareholders are encouraged to visit ClaimsFiler's website or contact them directly at their toll-free number 844-367-9658 for further assistance.

The legal expertise of Kahn Swick & Foti, LLC is also available to discussion with investors regarding their options moving forward. The mission of ClaimsFiler is specifically to facilitate the recovery of funds for retail investors through a well-organized platform that tracks significant class action cases.

Conclusion

Shareholders of ASML Holding N.V. have a significant opportunity to act and potentially recover financial losses as a result of the claims made in this lawsuit. As the January deadline approaches, it is essential for affected investors to stay informed and take necessary steps promptly. The outcome of such class action suits can have lasting impacts, highlighting the importance of transparency and adherence to federal laws by public companies.

As the legal proceedings unfold, staying connected with shareholder services like ClaimsFiler can provide valuable insights and updates. Don't miss this chance to advocate for your rights as an ASML investor—time is of the essence!