According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors;
- the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged;
- 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
- as a result, defendants’ statements about ASML’s business, operations, and prospects lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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