Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of ASML Holding N.V. who purchased shares between January 24, 2024 and October 15, 2024.
ASML and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 15, 2024, the Company announced its third quarter 2024 financial results, disclosing quarterly booking of only €2.63 billion (a 53% decline from €5.6 billion in the second quarter of 2024), expected full year 2025 net sales between €30 billion and €35 billion (in the lower half of ASML’s initial range of between €30 billion and €40 billion), and a significant reduction to its gross margin target to between 51% and 53%, down from its prior guidance of between 54% and 56%.
On this news, the price of ASML’s shares plummeted $141.84 per share, or approximately 16.3%, from a close of $872.27 per share on October 14, 2024, to close at $730.43 per share on October 15, 2024.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until January 14, 2025 to request that the court appoint them lead plaintiff.