Investors Urged to Act in Class Action Against ASML Holding After Shares Plummet
On January 3, 2025, Kahn Swick & Foti, LLC, represented by former Louisiana Attorney General Charles C. Foti, Jr., issued a reminder to investors that a critical deadline is fast approaching regarding a class action lawsuit against ASML Holding N.V. Investors who suffered losses exceeding $100,000 are advised to file their applications for lead plaintiff by January 14, 2025. The class action pertains to investors who purchased shares or options from January 24, 2024, to October 15, 2024, a period that coincidentally aligns with a significant downturn in ASML's stock performance.
The lawsuit, formally known as "City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., No. 24-cv-08664," has been brought to the United States District Court for the Southern District of New York. The accusations against ASML are serious. The company and certain executives are charged with not disclosing essential information during the Class Period, thus violating federal securities laws. Such omissions regarding financial performance dramatically impact shareholders’ rights.
On October 15, 2024, ASML released its Q3 financial results, revealing a staggering quarterly booking of only €2.63 billion—an alarming drop of 53% from the previous quarter’s €5.6 billion. Furthermore, ASML lowered its anticipated sales revenue for full-year 2025 to a range between €30 billion and €35 billion, far below initial forecasts, alongside an adjustment to its gross margin target from 54%-56% down to between 51%-53%.
The immediate repercussions of this disappointing report were evident in the market. ASML's share price nose-dived by $141.84, translating to a loss of approximately 16.3% of its value. This dramatized response from the market underscores the sensitivity of ASML's investors to its financial disclosures.
Investors who bought shares or traded options during this critical window and are interested in knowing about their legal rights are invited to contact KSF’s Managing Partner, Lewis Kahn, directly at 1-877-515-1850 or via email at [email protected]. Additionally, further information can be accessed by visiting their dedicated webpage at https://www.ksfcounsel.com/cases/nasdaqgs-asml/.
As a leading boutique securities litigation law firm, Kahn Swick & Foti, LLC specializes in aiding a diverse clientele—including public institutional investors, hedge funds, and individual investors—seeking recoveries stemming from corporate malfeasance and fraud. With offices across major cities such as New York, Delaware, California, and Louisiana, KSF's team is well-positioned to serve investors seeking recourse and justice.
In summary, investors of ASML Holding N.V. should be aware of the ongoing legal actions and the implications these may have on their financial recoveries. The clock is ticking toward the January 14, 2025, deadline to act, as this is a pivotal point of engagement for those impact investors eager to establish their claims in the wake of the firm’s reported financial debacles. The ramifications of this case stretch beyond just individual fortunes; they highlight the pressing need for transparency and accountability in corporate governance.
Stay informed and proactive as developments unfold within this class action lawsuit. Your financial future may well depend on it.
The lawsuit, formally known as "City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., No. 24-cv-08664," has been brought to the United States District Court for the Southern District of New York. The accusations against ASML are serious. The company and certain executives are charged with not disclosing essential information during the Class Period, thus violating federal securities laws. Such omissions regarding financial performance dramatically impact shareholders’ rights.
On October 15, 2024, ASML released its Q3 financial results, revealing a staggering quarterly booking of only €2.63 billion—an alarming drop of 53% from the previous quarter’s €5.6 billion. Furthermore, ASML lowered its anticipated sales revenue for full-year 2025 to a range between €30 billion and €35 billion, far below initial forecasts, alongside an adjustment to its gross margin target from 54%-56% down to between 51%-53%.
The immediate repercussions of this disappointing report were evident in the market. ASML's share price nose-dived by $141.84, translating to a loss of approximately 16.3% of its value. This dramatized response from the market underscores the sensitivity of ASML's investors to its financial disclosures.
Investors who bought shares or traded options during this critical window and are interested in knowing about their legal rights are invited to contact KSF’s Managing Partner, Lewis Kahn, directly at 1-877-515-1850 or via email at [email protected]. Additionally, further information can be accessed by visiting their dedicated webpage at https://www.ksfcounsel.com/cases/nasdaqgs-asml/.
As a leading boutique securities litigation law firm, Kahn Swick & Foti, LLC specializes in aiding a diverse clientele—including public institutional investors, hedge funds, and individual investors—seeking recoveries stemming from corporate malfeasance and fraud. With offices across major cities such as New York, Delaware, California, and Louisiana, KSF's team is well-positioned to serve investors seeking recourse and justice.
In summary, investors of ASML Holding N.V. should be aware of the ongoing legal actions and the implications these may have on their financial recoveries. The clock is ticking toward the January 14, 2025, deadline to act, as this is a pivotal point of engagement for those impact investors eager to establish their claims in the wake of the firm’s reported financial debacles. The ramifications of this case stretch beyond just individual fortunes; they highlight the pressing need for transparency and accountability in corporate governance.
Stay informed and proactive as developments unfold within this class action lawsuit. Your financial future may well depend on it.
Topics General Business）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.