Faruqi & Faruqi Securities LLP partner James (Josh) Wilson encourages investors who have suffered losses exceeding $100,000 at ASML to contact him directly to discuss their options.
If you suffer losses exceeding $100,000 ASML Between January 24, 2024 and October 15, 2024 If you would like to discuss your legal rights, contact Farooqui & Farooqui Partner Josh Wilson live in 877-247-4292 or 212-983-9330 (ext. 1310).
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New York, New York–(Newsfile Corp. – December 28, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ASML Holding (AS:) NV (“ASML” or “Company”) (NASDAQ: ASML) and reminds investors of January 13, 2025 deadline For the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.
Farooqui & Farooqui is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated the federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) problems faced by suppliers, such as ASML, in the semiconductor industry were far more serious than the defendants indicated to investors; (2) the pace of sales recovery in the semiconductor industry has been much slower than Defendants have publicly acknowledged; (3) Defendants created the false impression that they possessed reliable information regarding customer demand and expected growth, while also underestimating risks from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including products sold by ASML. ; and (4) as a result, Defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis.
On 15 October 2024, ASML published Q3 2024 earnings, revealing quarterly bookings of €2.63 billion, a decline of 53% quarter-on-quarter. The company also announced that it expects total net sales for the full year of 2025 to be between €30 billion and €35 billion, with a gross margin of between 51% and 53%.
On this news, ASML's stock price fell $141.84, or 16.26%, to close at $730.43 per share on October 15, 2024, injuring investors.
A court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class and is appropriate and typical for members of the class who direct and oversee litigation on behalf of the putative class. Any member of the putative class may ask the court to serve as lead plaintiff through counsel of their choosing, or they may choose to do nothing and remain an absent member of the class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff.
Faruqi & Faruqi, LLP also encourages anyone with information regarding ASML's conduct to contact the company, including whistleblowers, former employees, shareholders and others.
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Lawyer advertisement. The law firm responsible for this announcement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to any future matter. We welcome the opportunity to discuss your specific case. All communications will be treated confidentially.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234713
