Archived Investigations

ASML Holding N.V. (NasdaqGS: ASML)

Company Name:ASML Holding N.V.
Stock Symbol:NasdaqGS: ASML
Court:Southern District of New York
Class Period Start:01/24/2024
Class Period End (inclusive):10/15/2024
Filing Deadline:The deadline has passed.
November 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.

The case is City of Hollywood Firefighters’ Pension Fund v. ASML Holding N.V., No. 24-cv-08664.

Click here to read the first filed complaint.