Kahn Swick & Foti Urges ASML Holders to Act Before Lead Plaintiff Deadline in Class Action

ASML Shareholder Alert: Take Action Now

Former Louisiana Attorney General Charles C. Foti, Jr. and his law firm, Kahn Swick & Foti, LLC (KSF), are reaching out to current and former investors of ASML Holding N.V. who suffered losses exceeding $100,000 during the specified time frame. Those who acquired shares between January 24, 2024, and October 15, 2024, inclusive, are reminded to file lead plaintiff applications in a crucial class action lawsuit by January 14, 2025.

Background of the Case

The legal proceeding at hand is due to allegations that ASML and several executives considerably misrepresented critical financial information, thus violating federal securities laws. The law firm asserts that such misleading statements have significantly impacted investors, contributing to their financial losses.

ASML, known for its advanced semiconductor technology, recently disclosed its financial results for the third quarter of 2024, revealing a substantial drop in bookings – €2.63 billion, which is a staggering 53% decline from the previous quarter’s €5.6 billion. Furthermore, they adjusted their forecast for the entirety of 2025, estimating net sales between €30 billion and €35 billion, lower than initial expectations and their previous guidance that suggested a higher range.

The announcements led to a dramatic drop in ASML’s stock price, plummeting approximately 16.3% from $872.27 on October 14, 2024, to $730.43 the next day. This price drop has heightened concerns among investors and led to KSF’s alert.

Legal Rights for Investors

Investors who acquired shares during the class period and are upset about their losses are encouraged to discuss their situation with KSF's Managing Partner, Lewis Kahn. KSF offers a free consultation to understand potential legal rights and remedies. They can be reached toll-free at 1-877-515-1850 or via email at [email protected]. Interested participants can also visit ksfcounsel.com to gain insights into their rights related to this lawsuit.

To become a lead plaintiff in the class action, prompt action is essential as applications must be submitted to the Court by the deadline.

About KSF

Kahn Swick & Foti, LLC stands out as one of the leading boutique firms specializing in securities litigation across the United States. Their team is dedicated to advocating for public institutional investors, hedge funds, and retail investors alike to recover losses arising from corporate deception and misconduct. KSF operates offices in key locations including New York, New Jersey, Louisiana, Texas, California, and Delaware.

Investors must stay informed and proactive in these critical times to safeguard their investments. The upcoming deadline highlights the urgency for ASML investors to seek clarity regarding their situation and explore their rights diligently. Don't miss the opportunity to join the class action suit; your participation can help hold corporate wrongdoers accountable while possibly recovering your investments.