ASML Investors Advance Suit Over Semiconductor Parts Outlook (1)

ASML Holding NV and current and former executives must defend against investor allegations they misrepresented the semiconductor parts supplier’s 2025 financial guidance and ability to recover from an industry-wide downturn.

Shareholders leading the case adequately alleged the Dutch company knew it wasn’t going to reach the upper range of its 2025 sales outlook while representing otherwise, Judge Naomi Reice Buchwald said, letting securities fraud claims proceed. Stock sales by CEO Christophe Fouquet, chief financial officer Roger Dassen, and ASML board members bolstered this pleading of conscious misbehavior to deceive investors, the US District Court for the Southern District of New ...