Case Summary

ASML

NASDAQ: ASML

Case Details

  • City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V. et al.
  • Class Period:January 24, 2024 - October 15, 2024
  • Date Filed:November 14, 2024
  • Jurisdiction:U.S. District Court, Southern District of New York
  • Docket Number: 1:24-cv-08664
  • Lead Plaintiff Deadline: January 13, 2025
Days Left to
Seek Plaintiff
40

Overview

A class action lawsuit has been filed against ASML Holdings N.V. (“ASML” or the “Company”) (NASDAQ: ASML) and certain of the Company’s current and former senior executive officers alleging violations of the federal securities laws.  The ASML class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired ASML ordinary shares between January 24, 2024, and October 15, 2024, both dates inclusive (the “Class Period”).  Investors have until January 13, 2025, to seek appointment as lead plaintiff in the ASML class action lawsuit.

ASML is a Dutch corporation with its principal executive offices in Veldhoven, Netherlands.  ASML is a leading supplier to the semiconductor industry, providing chipmakers with hardware, software, and services to mass produce integrated circuits (i.e., microchips).  In particular, ASML sells photolithography machines to chipmakers that are used in the semiconductor fabrication process.

The ASML class action lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company’s business and operations.  Specifically, Defendants misrepresented and/or failed to disclose that: (1) the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than Defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than Defendants had publicly acknowledged; (3) Defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, Defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.

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If you purchased or otherwise acquired ASML ordinary shares between January 24, 2024, and October 15, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]

The deadline to apply to the Court to serve as a lead plaintiff in the ASML class action lawsuit is January 13, 2025

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