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ASML Class Action Lawsuit Overview

In a significant development for investors, the legal firm of Robbins Geller Rudman & Dowd LLP has announced that individuals who purchased ordinary shares of ASML Holding N.V. (NASDAQ: ASML) between January 24, 2024, and October 15, 2024, may have the opportunity to lead a class action lawsuit against the company. The designated class period is essential for those who incurred substantial losses during this time frame.

Case Background

The class action, filed under the case name City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., asserts that the firm and its executives made numerous misleading statements and omissions regarding ASML's business operations and market conditions. These alleged misdeeds fall under the umbrella of violations pertaining to the Securities Exchange Act of 1934. The investors argue that they were not aware of the significant challenges that ASML faced in the semiconductor industry, including slow sales recovery and severe supplier issues, which were downplayed by the management.

On October 15, 2024, ASML reported a drastic decline in quarterly bookings to €2.63 billion, down 53% from €5.6 billion in the previous quarter. They also adjusted their 2025 sales forecast to between €30 billion and €35 billion, which was below earlier expectations. Furthermore, ASML reduced its gross margin target to between 51% and 53%, down from a previous range of 54% to 56%, resulting in a substantial 16% drop in stock price. In the subsequent earnings call, the CFO Roger Dassen attributed the poor performance to a slow recovery in the semiconductor market, further affecting investor confidence.

Lead Plaintiff Process

Under the Private Securities Litigation Reform Act of 1995, any investor who purchased ASML shares during the specified class period has the right to apply as the lead plaintiff in this class action. The lead plaintiff is typically an individual who holds the greatest financial interest in the case and is deemed representative of the wider class of aggrieved investors.

This lawsuit not only serves as an avenue for investors to seek damages but also strengthens the hand of shareholders in confronting corporate malfeasance in the semiconductor sector. It is worth noting that an investor's ability to share in any potential recovery is not contingent on their role as the lead plaintiff.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP has established itself as a leading firm in securities fraud cases, boasting a track record of securing significant monetary relief for affected investors. Over the past decade, they have ranked as the top firm in investor relief, recovering over $6.6 billion across various class action cases.

For those affected by the recent downturn in ASML’s performance, there remains an opportunity to participate in this class action. Interested investors are encouraged to contact Robbins Geller attorneys J.C. Sanchez or Jennifer N. Caringal for further guidance on the process. Investors must act quickly as the deadline for filing is January 13, 2025.

For more information and to initiate participation in the lawsuit, please visit Robbins Geller's ASML class action page or reach out via phone at 800-449-4900 or email at [email protected].