Former Louisiana Attorney General Warns ASML Shareholders About Class Action Lawsuit Deadlines & Investment Recourse

Investor Alert for ASML Holding Shareholders

In an urgent reminder to ASML Holding N.V. shareholders, Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is notifying investors about their rights in a looming class action lawsuit. Investors who have encountered losses exceeding $100,000 due to stock purchases made between January 24, 2024, and October 15, 2024, are particularly urged to take action.

Key Information on the Lawsuit

The class action lawsuit against ASML is currently pending in the United States District Court for the Southern District of New York. KSF is requesting that affected shareholders submit their applications as lead plaintiffs by January 14, 2025. The lawsuit alleges that ASML and certain executives failed to disclose essential financial information, thereby violating federal securities laws.

Shareholders may remember that on October 15, 2024, ASML reported its third-quarter financial results, revealing a significant dip in booking revenues of €2.63 billion—a startling 53% decline from €5.6 billion in the second quarter of the same year. This revelation was coupled with a lowered full-year sales forecast, projecting net sales of only between €30 billion and €35 billion.

The news shocked the market, resulting in ASML's stock price plummeting by approximately 16.3%, closing at $730.43 per share from $872.27 per share just a day earlier. This dramatic drop highlights the potential impact of the lawsuit on investor recoveries.

What Affected Shareholders Can Do

Investors who purchased ASML shares during the specified class period and are interested in their legal options should reach out to KSF Managing Partner Lewis Kahn. Consultation is available at no charge, and individuals can voice concerns about how the lawsuit might affect their rights to recover financial losses. Interested parties can contact Kahn at 1-877-515-1850 or email him directly at [email protected]. More details can also be found on the KSF website at https://www.ksfcounsel.com/cases/nasdaqgs-asml/.

For those interested in stepping forward as lead plaintiffs in the class action, a petition must be submitted to the court by the January 14, 2025 deadline.

Understanding Kahn Swick & Foti

Kahn Swick & Foti, LLC, is known as a prominent boutique securities litigation law firm. With offices spread across major U.S. cities including New York and New Orleans, KSF has an established track record of representing numerous clients, from public institutional investors to retail investors, in claims related to corporate fraud or misconduct by publicly traded companies. The firm has been instrumental in helping investors recover substantial losses resulting from misleading corporate practices.

For more information about Kahn Swick & Foti and how they can assist investors with claims against ASML, visit their official website: www.ksfcounsel.com.

Investors are encouraged to take these developments seriously and act swiftly, as the upcoming deadline could affect their financial recourse.