#USA #New York #ASML Holding #Class Action #NV

The Gross Law Firm Issues Notice to ASML Holding N.V. Investors

In a significant update for shareholders of ASML Holding N.V. (NASDAQ: ASML), The Gross Law Firm has announced an ongoing class action lawsuit in which investors could potentially participate. This notification serves as a reminder for shareholders who purchased ASML shares to consider their options regarding this legal matter, particularly as the deadline for appointing a lead plaintiff approaches on January 13, 2025.

Overview of the Class Action

The Gross Law Firm has outlined that shareholders who bought ASML stock within the defined class period, from January 24, 2024, to October 15, 2024, are encouraged to register for the pending class action. The firm's notice indicates that being appointed as a lead plaintiff, although beneficial, is not a requirement for any individual looking to recover losses from this situation. All eligible shareholders have the opportunity to engage with the process without incurring any costs or obligations.

Allegations in the Complaint

The class action stems from serious allegations against ASML concerning misleading statements and insufficient disclosures during the aforementioned period. The complaint suggests the following key points:
1. Supplier Issues Being Understated: The defendants allegedly downplayed substantial issues faced by suppliers in the semiconductor industry, which directly impacted ASML's operations and financial outlook.
2. Slow Recovery in Sales: There were claims that the recovery pace of sales within the semiconductor sector was significantly slower than what ASML publicly acknowledged, which further affected investor confidence.
3. Misleading Customer Demand Information: The defendants purportedly created a false perception that they possessed accurate insights into customer demand and anticipated growth while underplaying risks associated with macroeconomic factors and stricter regulations on semiconductor technology exports.
4. Deficient Basis for Company Statements: The statements made by the defendants regarding ASML's business prospects were alleged to lack a reasonable basis, leading to artificial inflation of the stock price.

These allegations, if proven true, indicate a pattern of misleading practices that may have caused significant financial losses for investors, emphasizing the importance of shareholder participation in the pending lawsuit.

Next Steps for Shareholders

Investors who purchased ASML shares within the specified timeframe should promptly register their details with The Gross Law Firm. This registration process will also provide access to a portfolio monitoring system, which will keep shareholders informed about the case's status. The firm assures that participating in the lawsuit poses no financial burden to the shareholders involved, reinforcing their commitment to investor rights and recovery.

The Role of The Gross Law Firm

As a well-recognized entity in class action litigation, The Gross Law Firm focuses on protecting investors affected by what they consider deceptive or illegal corporate practices. Their mission extends to seeking recovery for those investors whose investments have been compromised by false information or omissions provided by companies.

In conclusion, shareholders of ASML are urged to take this opportunity seriously, recognizing the potential for recovery from losses incurred during the class period. The firm remains committed to diligently representing the rights of affected investors as the case progresses.

For further information, shareholders can visit their website or contact The Gross Law Firm directly for guidance on how to proceed.

• ---

Contact Information

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY 10018
Email: [email protected]
Phone: (646) 453-8903

This is a critical time for ASML investors to act and protect their interests.