Warning for ASML Holding Investors Over Class Action Deadline by Kahn Swick & Foti, LLC

Important ASML Holding Investor Alert

As a notable development in the financial landscape, Kahn Swick & Foti, LLC, alongside its partner and former Louisiana Attorney General, Charles C. Foti, Jr., has issued a crucial reminder to investors affected by recent losses in ASML Holding N.V. If you've incurred losses exceeding $100,000 due to investment in ASML shares, it’s essential to note that the deadline to file applications to serve as lead plaintiff in the ongoing class action lawsuit is approaching quickly—set for January 14, 2025.

Background of the Lawsuit

The class action pertains to shares purchased in the period from January 24, 2024, through October 15, 2024, during which ASML Holding allegedly failed to disclose vital information to its investors. The United States District Court for the Southern District of New York is currently overseeing this legal action, which has garnered attention from various stakeholders within the financial community.

The lawsuit highlights a significant downturn announced by ASML on October 15, 2024, when the company reported third-quarter results that included a dramatic 53% decline in quarterly bookings, dipping to €2.63 billion compared to €5.6 billion in the second quarter. Additional disclosures indicated an expectation of full-year 2025 net sales forecasted between €30 billion and €35 billion, which aligns at the lower end of the company’s initial expectations. Furthermore, ASML announced a notable reduction in its gross margin target, adjusting it down to 51% – 53%, significantly from the previous guidance of 54% – 56%.

Following the revelation of these figures, ASML's share price experienced a steep decline, plummeting approximately 16.3%—a drop from $872.27 per share to $730.43 within just one day, capturing the immediate concern from the investment community.

Legal Implications for Investors

If you are an investor who purchased shares within the aforementioned Class Period, it is crucial to understand your rights and options. Engaging with Kahn Swick & Foti, LLC could be a step towards potentially recovering your losses. The firm advises that interested investors can contact KSF Managing Partner Lewis Kahn at 1-877-515-1850 or via email at [email protected] to discuss legal rights and possible actions related to this situation.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti is recognized as one of the preeminent boutique securities litigation law firms in the nation. With a unique focus on facilitating recoveries for clients impacted by corporate fraud or misconduct, KSF caters to a diverse roster of clients, including public institutional investors, hedge funds, and retail investors. The firm has a presence across multiple states, including New York, Delaware, California, Louisiana, and New Jersey, making it well-positioned to address the complex needs of its clientele.

For guidance through this tumultuous period, investors are encouraged to act swiftly and ensure they file their lead plaintiff applications by the set deadline. To gain further insights into KSF's ongoing efforts and additional case details, visit ksfcounsel.com.

In summary, as the January 14, 2025 deadline draws closer, the urgency for ASML shareholders to engage with legal representatives has never been more pronounced. Take action now to safeguard your investments and explore your legal options in the context of this pivotal class action lawsuit.