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ASMLF.US
id: 1392

ASML Holding (ASML) Semiconductor Misrepresentations Case

S.D. New York
Court
1:24-cv-08664
Case number
01/24/2024
Class period Start
10/15/2024
Class period End
01/13/2025
Lead Plaintiff motion deadline
  • $ASML stockholders filed a claim against ASML Holding for misleading them about its financial outlook and growth prospects.
  • Following disappointing Q3 2024 results, $ASML dropped over 16% on October 15, 2024.
  • $ASML investors can join this case to be notified about potential recovery.
Case Details:

ASML provided optimistic financial guidance throughout 2024, assuring investors that the company would achieve significant sales growth by 2025.

Despite industry-wide challenges, ASML executives downplayed concerns, stating that export regulations and the semiconductor market downturn would have limited impact on its financial performance.

However, on October 15, 2024, ASML disclosed much weaker-than-expected Q3 bookings and reduced its sales and margin forecasts for 2025.

The company cited a slower recovery in the semiconductor market and reduced sales to China due to tightened export controls.

These revelations caused $ASML to drop by 16.3%.

Based on these events, $ASML stockholders filed a claim against the company, accusing it of the following:
  • It provided overly optimistic financial guidance despite knowing of significant industry challenges.
  • It misled investors about the impact of export regulations and the semiconductor market downturn.
  • It failed to disclose the risk of reduced sales in China and the weaker-than-expected recovery of the semiconductor industry.
Investors believe ASML misled them by downplaying industry risks, overstating its financial outlook, and failing to disclose key factors affecting future performance.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements, 
Financial Misrepresentation, 
Failure to Disclose
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/15/2024
Filing date
11/14/2024
Lead Plaintiff Deadline
01/13/2025
Collecting participants…