63.jili
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A judge twice urged jurors to keep deliberating Wednesday in the trial of a man charged in the killing of a University of Mississippi student who was well-known in the local LGBTQ+ community. Sheldon “Timothy” Herrington Jr. , 24, is charged with capital murder in the death of Jimmie “Jay” Lee , a gay man who disappeared July 8, 2022, in Oxford, where the university is located and the trial is being held. Lee's body has never been found, but a judge declared him dead . Herrington has maintained his innocence, and he did not testify. Jurors deliberated about 3 1/2 hours before sending a note to Circuit Judge Kelly Luther, asking what would happen if they could not reach a verdict. He told them to keep talking to each other. After almost two more hours, they said they were deadlocked 11-1 but did not say whether that was to convict or acquit. Luther sent them back with instructions to keep talking. Prosecutors said during closing arguments Wednesday that Herrington and Lee had a sexual encounter that ended badly and Lee left Herrington's apartment. They said text messages showed that Herrington, who was not openly gay, persuaded Lee to return with the promise of more sex. Prosecutors said Lee was killed after going back. “Tim Herrington lived a lie — lived a lie to his family,” District Attorney Ben Creekmore said. “He lied to Jay Lee to coax him over there, promising to do something with him.” Herrington's attorney, Kevin Horan, has said prosecutors cannot prove Lee is dead without having a body . He told jurors Wednesday that text messages showed Herrington did not lure Lee to his apartment. “He's the one that's being dominant anchoring this particular conversation,” Horan said of Lee. Lee, 20, has not contacted friends or family, and his financial transactions and once-prolific social media posts have stopped since the day he disappeared , investigators testified. Police arrested Herrington two weeks after Lee went missing. Authorities interviewed Herrington twice that day, and he gave conflicting information about the hours before Lee vanished, Oxford Police Chief Jeff McCutchen testified Tuesday. Before officers interviewed Herrington, they had already obtained sexually explicit text messages exchanged between social media accounts belonging to Herrington and Lee during the final hours Lee was known to be alive, McCutchen said. Google records obtained through a warrant showed that Herrington searched “how long does it take to strangle someone” at 5:56 a.m., University Police Department Sgt. Benjamin Douglas testified last week. The final text message from Lee’s phone was sent to a social media account belonging to Herrington at 6:03 a.m. from a spot near Herrington’s apartment, McCutchen said Tuesday. A cellphone tower in another part of Oxford last located any signal from Lee’s phone shortly before 7:30 a.m., the police chief said. A security camera showed Herrington moments later jogging out of a parking lot where Lee’s car was abandoned, investigators testified earlier. On the day Lee vanished, Herrington was also seen on security cameras buying duct tape in Oxford and driving to his hometown of Grenada about an hour south of Oxford, police have testified. Herrington is from an affluent family in Grenada, Mississippi, about 52 miles (84 kilometers) southwest of Oxford, testified Ryan Baker, an Oxford Police Department intelligence officer who was a detective when he helped investigate the case. Herrington’s grandfather is bishop of a church in Grenada, other family members work at the church and Herrington himself taught youth Sunday school classes there, Baker said. Herrington “was not portraying himself as gay” to family or friends, Baker said. During testimony Tuesday, Herrington’s father and grandfather both said Herrington had never spoken about having boyfriends. Both Herrington and Lee had graduated from the University of Mississippi. Lee was pursuing a master’s degree. He was known for his creative expression through fashion and makeup and often performed in drag shows in Oxford, according to a support group called Justice for Jay Lee. Prosecutors have announced they do not intend to pursue the death penalty, meaning Herrington could get a life sentence if convicted. Mississippi law defines capital murder as a killing committed along with another felony — in this case, kidnapping. The judge instructed jurors that they could consider lesser charges, including murder and manslaughter.
No one was injured during the Taveuni ferris wheel incident on yesterday according to Wairiki Sevens tournament director Iowane Gade. Mr Gade while admitting that the incident had taken place refused to elaborate on how it happended. He said apart from none of the riders getting injured, he would not comment on why and how the ferris wheel malfunctioned midway through a ride. He did not want to disclose the operator’s name either. A video is circulating on social media showing smoke coming from the engine with onlookers jumping in to manually stop the engine so that the riders can get off. All the riders then disembarked safely from the malfunctioned ferris wheel. Mr Gade confirmed they have instructed the ferris wheel operator to cease operation citing public safety remains paramount. He added the Occupational Health and Safety (OHS) would inspect and dismantle the ride today (Thursday). “The ferris wheel incident will not affect the week long Wairiki Sevens rugby tournament this week,” Mr Gade said. “The competition will run as normal; it started on Tuesday and finishes Saturday; we want spectators to come out in numbers to show their support,” he said. Police spokesperson, Wame Bautolu, while confirming the incident said they would provide further details of the incident later. Feedback: sampras.anand@fijisun.com.fj
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Rep. Alexandria Ocasio-Cortez is mocking rival Rep. Marjorie Taylor Greene over the Republican lawmaker’s new post working alongside the newly created budget-slashing Department of Government Efficiency, or DOGE. The progressive Bronx/Queens lawmaker says her GOP counterpart from Georgia is not ready to do the hard work needed to find big cost savings in the federal budget. “She barely shows up and doesn’t do the reading,” Ocasio-Cortez tweeted. “It’s like giving someone an unplugged controller.” Ocasio-Cortez predicted incoming DOGE bosses Elon Musk and Vivek Ramaswamy will find out the hard way that Greene lacks the needed legislative chops to help them get stuff done on Capitol Hill. “Absolutely dying at those two now getting assigned the ‘privilege’ of ‘working’ with MTG,” she wrote. “That is actually hilarious. Enjoy, fellas!” Greene has been tapped by Rep. James Comer, the GOP chair of the oversight committee, to lead a subcommittee to work with DOGE in the coming Congress. The firebrand MAGA lawmaker vowed to use the new post to root out waste in the federal bureaucracy. “We will identify and investigate the waste, corruption and absolutely useless parts of our federal government,” Greene said in a statement. “Our subcommittee’s work will expose people who need to be FIRED.” Greene’s appointment reflects an apparent dramatic improvement in her relationship with House Speaker Mike Johnson. She sniped at Johnson in recent months and accused him of working with Democrats to avoid government shutdowns and funding Ukraine’s effort to defend itself against the Russian invasion. The pair appear to have buried the hatchet since their mutual ally President-elect Trump won a fresh four-year term in office. Musk and Ramaswamy have been appointed to lead DOGE, a new organization that has no formal power over the federal budget. It is unclear how DOGE will function and how its proposed actions would translate into actual budget cuts, which legally must be approved by Congress. Musk, the world’s richest man, has said he hopes to cut about a third of the federal budget, a shocking goal that could be politically dangerous for Trump. ©2024 New York Daily News. Visit at nydailynews.com . Distributed by Tribune Content Agency, LLC.New pro-European coalition approved in Romania amid period of political turmoil
Lothal , Union minister Sarbananda Sonowal on Saturday said the ₹ 4,300-crore National Maritime Heritage Complex being developed at Lothal in Gujarat is a project of national importance and will be a crucial step towards making India a leading maritime nation. Sonowal, who is Ports, Shipping and Waterways Minister, reviewed the progress of the NMHC project along with Union Sports and Youth Affairs Minister Mansukh Mandaviya and Gujarat Chief Minister Bhupendra Patel. Secretary of the Ministry of Ports, Shipping and Waterways, T K Ramachandran, said, "The phase 1-A of the project, coming up with an estimated cost of ₹ 1,200 crore, is expected to get over by August, 2025, with 65 per cent of its construction completed." The entire project, being executed in two phases, is expected to be completed by 2028, he said. Work on phase 1-A of the project, comprising six galleries, jetty walkway, Lothal town, etc, started in March 2022, before the Union Cabinet approved it in October 2024. Apart from 14 galleries in phase 1 , phase 2 will have conceptualisation of Lothal city as it existed in ancient times, surrounded by the pavilions showcasing the maritime heritage of coastal states in their individual pavillions, he said. "We are planning for the inauguration of the Phase 1-A of the project by August-September 2025, and the aim is to complete the entire project by 2028. We have completed 65 per cent of the work under phase 1-A," he said. The Union ministers toured key project landmarks, including INS Nishank, the Lothal Jetty Walkway and the Museum Block, and interacted with workers at the site to know their challenges and work progress. Sonowal expressed satisfaction with the significant milestones achieved in civil infrastructure development, noting that the project is advancing on schedule, an official release said. He said the government is committed to ensuring that the NMHC is completed on time and is of highest standards. "This project will boost tourism, provide a platform for maritime education, and foster collaboration between India's maritime community and the global industry. It is a crucial step toward making India a leading maritime nation," the release quoted him as saying. "The NMHC is a project of national importance, offering tremendous opportunities for growth and learning in the maritime sector. The visionary leadership of PM Narendra Modi ji has ensured that India remains on course towards all round development of the country and that the people reap the fruit of India's developmental story," Sonowal said. The project will boost tourism, provide a platform for maritime education, and foster greater collaboration between India's maritime community and the global maritime industry, he added. The release said this world-class facility will showcase India's maritime heritage from ancient to modern times, adopting an innovative "edutainment" approach using cutting-edge technology to spread awareness and attract international tourists. Lothal, located some 80 km away from Ahmedabad, was a prominent city of the ancient Indus Valley Civilisation dating back to 2400 BCE. It holds historical significance for its advanced dockyard, thriving trade and renowned bead-making industry. Artefacts such as seals, tools, and pottery unearthed by archaeologists reveal a rich cultural and economic history, making it a key Harappan site. Designed as a world-class destination under the Sagarmala Programme of the Union government, the NMHC aims to showcase India's naval achievements and cultural connections through interactive exhibits, state-of-the-art displays and engaging storytelling. This initiative is poised to not only preserve India's maritime heritage but also to attract global tourists and foster a deeper appreciation of its historical significance, the release said. "The idea is to generate a movement regarding knowledge about our heritage. We are also looking at tourism with the development of several tourist circuits, and nearby heritage sites, oceanic, cruise and coastal tourism will be connected to this. We hope that in the years to come, this will be one of the biggest complexes in the world," Ramachandran said. The ministry has also planned collaboration with 25 countries and signed MoUs with countries such as Portugal, UAE and Vietnam for the project, officials said. Phase 1-B of the project will have eight galleries, a lighthouse museum, a 'Bagicha complex', and a 5D dome theatre. Museutel , eco resort, coastal state pavilion, Lothal city, theme-based parks and maritime research institute and hotel are highlights of phase 2 project, they said. This article was generated from an automated news agency feed without modifications to text.
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President-elect Donald Trump's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the United States, though the path forward remains unclear. "We got to keep this sucker around for a little while," Trump told supporters on Sunday, just days after meeting with TikTok CEO Shou Zi Chew in Florida. Trump, who credits the wildly popular platform with delivering him a large young user base, opposes banning TikTok partly because he believes it would primarily benefit Meta, the Mark Zuckerberg-led company behind Instagram and Facebook. The situation is complex, according to University of Richmond School of Law professor Carl Tobias, given the various potential solutions and Trump's unpredictable nature. Congress overwhelmingly passed legislation, signed by President Joe Biden in April, that would block TikTok from US app stores and web hosting services unless Beijing-based ByteDance sells its stake by January 19. US officials and lawmakers grew wary of the potential for the Chinese government to influence ByteDance or access the data of TikTok's American users. Even with Trump's decisive election victory and incoming Republican-led Congress, acquiescing to the president-elect's desire and preventing the ban faces significant hurdles. The law enjoyed rare bipartisan support in a divided Washington, making its outright repeal through a vote in Congress politically unlikely even with Trump's influence over Republicans. The Supreme Court may offer the clearest path forward. TikTok has appealed to the nation's highest court, arguing the law violates First Amendment rights to free speech. The court, which is dominated by Trump-aligned conservatives, will hear the case on January 10, just nine days before the ban takes effect. This follows a lower appeals court's unanimous decision to uphold the law in December. Another possibility, according to Tobias, is that a Trump-led Department of Justice could determine ByteDance has addressed the law's national security concerns. However, such a move would likely be seen as caving to China by Congress and others. The final option is ByteDance selling to a non-Chinese buyer, though the company has consistently refused this possibility. With 170 million monthly active users, acquiring TikTok's US operations would require substantial resources. As president, Trump could extend the ban deadline by 90 days to facilitate a transaction. Few potential buyers have emerged, with major tech companies likely deterred by antitrust concerns. Former Trump Treasury secretary Steve Mnuchin, who runs a private equity fund backed by Japan's SoftBank Group and Abu Dhabi's Mubadala sovereign wealth fund, has expressed interest. During a recent event with Trump, SoftBank CEO Masayoshi Son pledged to invest $100 billion in the US economy, though specific investments weren't detailed. Other contenders include US real estate billionaire Frank McCourt, who aims to make social media safer through his Project Liberty organization. Elon Musk, given his proximity to Trump and ownership of X, could also have a role to play, as he has expressed plans to transform the text-focused platform into something more like TikTok. A senior Republican lawmaker recently suggested Trump might orchestrate a "deal of the century" satisfying both US concerns and ByteDance's interests. The chairman of the US House committee on China, John Moolenaar, told Fox News Digital that once ByteDance accepts it must comply with US law, the situation could progress rapidly. Any agreement would need Beijing's approval, with US-China relations expected to remain tense during Trump's upcoming term. This isn't the first attempt to resolve TikTok's US status. In 2020, Trump also threatened a ban unless ByteDance sold its US operations. While Oracle and Walmart reached a preliminary agreement with ByteDance for ownership stakes, legal challenges and the transition to the Biden administration prevented the deal's completion. arp/mlmSydney Warner , the wife of San Francisco 49ers star Fred Warner , didn’t take to WAG life like a moth to a flame. The former Bachelor star, 29, who competed on Peter Weber ’s season in 2020, met Fred, 28, shortly after her time on the reality series came to an end. The couple got married in June 2022 and welcomed their first child, son Beau , in March of this year. While Sydney embraces life as a football wife now, she’ll be the first to tell you it took some adjusting. “You find your footing,” said Sydney, who spoke exclusively to Us Weekly via her partnership with The Cocktail Collection. “I think it took me a while to find my niche and where I felt comfortable being a wife, now a mother, a girlfriend at the time. Now I’m Fred’s partner and we’re a duo. That’s an amazing thing to say.” Sydney continued, “As a team, we work really well together. It’s just nice being able to be a teammate with him and me finding my footing, as well. I think it’s just a timing thing. And it’s all worked out.” The 49ers have amassed a crew of WAGs — an acronym for “wives and girlfriends” — that’s equally as A-list, if not more, than their partners on the field. Kristin Juszcyzk , wife of fullback Kyle Juszczyk , has designed apparel for Taylor Swift . Claire Kittle , the wife of tight end George Kittle , has become a style icon of her own and appeared on Netflix’s Receiver alongside her husband. Olivia Culpo , wife of running back Christian McCaffrey , earned a Miss USA title and massive social media fame well before she even met her husband. For all the attention surrounding the team, both on and off the gridiron, Sydney said the Niners family is one of support and empowerment. “It was a lot different back in the beginning, but now there’s this huge community of working women,” Sydney gushed. “The women are kind of in the spotlight now, which is such a refreshing thing to see. It’s really cool to see how things change, you know?” Sydney added, “To be with such an amazing community and organization like the Niners, I couldn’t have asked for a better situation. We’re so happy to be here and so blessed.” You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News As the 49ers fight for their playoff lives in the NFC West, Sydney is busy juggling a busy holiday season at home — which is where The Cocktail Collection comes in. “There’s always a lot of people around during this time of year,” Sydney told Us. “It’s so busy with football. I knew I was going to be hosting and having people over, with watch parties and excitement for the games. The whole dynamic of being an easy, ready-to-pour cocktail was music to my ears.” This fall, The Cocktail Collection introduced their newest variety, the Crown Royal Whisky Sour with Black Cherry, which is available now.
Sunrise Rotary honors middle school studentsM.E.N’s Christmas campaign to top out at £28kLarson Financial Group LLC lowered its stake in VanEck Junior Gold Miners ETF ( NYSEARCA:GDXJ – Free Report ) by 90.0% during the third quarter, Holdings Channel reports. The institutional investor owned 839 shares of the exchange traded fund’s stock after selling 7,589 shares during the period. Larson Financial Group LLC’s holdings in VanEck Junior Gold Miners ETF were worth $41,000 as of its most recent filing with the SEC. Other large investors have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its holdings in shares of VanEck Junior Gold Miners ETF by 2.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 15,641 shares of the exchange traded fund’s stock worth $763,000 after acquiring an additional 400 shares during the period. 180 Wealth Advisors LLC boosted its stake in VanEck Junior Gold Miners ETF by 5.5% in the 2nd quarter. 180 Wealth Advisors LLC now owns 7,744 shares of the exchange traded fund’s stock valued at $326,000 after purchasing an additional 405 shares during the period. Ridgewood Investments LLC acquired a new position in VanEck Junior Gold Miners ETF in the 2nd quarter valued at $29,000. Verus Capital Partners LLC increased its position in VanEck Junior Gold Miners ETF by 15.6% during the 3rd quarter. Verus Capital Partners LLC now owns 5,550 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 750 shares during the period. Finally, Arlington Trust Co LLC acquired a new stake in shares of VanEck Junior Gold Miners ETF during the third quarter worth $37,000. VanEck Junior Gold Miners ETF Stock Performance GDXJ stock opened at $47.68 on Friday. VanEck Junior Gold Miners ETF has a 52 week low of $30.89 and a 52 week high of $55.58. The company has a market capitalization of $5.60 billion, a PE ratio of 24.80 and a beta of 1.03. The company’s 50-day simple moving average is $49.66 and its 200 day simple moving average is $46.48. VanEck Junior Gold Miners ETF Company Profile Market Vectors Junior Gold Miners ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the Company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver. Further Reading Want to see what other hedge funds are holding GDXJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Junior Gold Miners ETF ( NYSEARCA:GDXJ – Free Report ). Receive News & Ratings for VanEck Junior Gold Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Junior Gold Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter .
New pro-European coalition approved in Romania amid period of political turmoilThe New York Sack Exchange documentary director says Mark Gastineau’s confrontation with Brett Favre was ‘unexpected’
Team Switzerland defeated Team France 2-1 on day two at the United Cup and will now be trying to secure their spot in the quarterfinals. This won’t come easy as Italy has recently been excelling in team competitions, picking up the trophies at the Billie Jean King Cup and the Davis Cup. As ever, we here at LWOT will be offering our predictions for every match, including Karolina Muchova vs Malene Helgo, Alexander Zverev vs Thiago Monteiro and Coco Gauff vs Leylah Fernandez . United Cup Day 3 Predictions: Italy vs Switzerland Flavio Cobolli vs Dominic Stricker Head-to-head: Cobolli 1-0 Stricker Flavio Cobolli and Dominic Stricker won 2020 Roland Garros boys’ doubles title together and they’re now meeting for the second time in professional tennis. The Italian looked like the weaker prospect at first, but has now taken his game to a level that has so far been unattainable for his former partner. That said, Stricker is mostly so low in the rankings due to his injury in 2024 and should be on his way back up, though this might still be a little too early for him. Jasmine Paolini vs Belinda Bencic Head-to-head: Bencic 2-0 This should be the perfect test for Belinda Bencic to check how close she is to the top at the moment. After all, Jasmine Paolini very much belongs up there right now with her two Slam finals and all the success in the Olympics/Billie Jean King Cup as well. The intensity of the Italian might make it tough for Bencic at this stage of her comeback. And Paolini has been standing up to the challenge in the team competitions as well, making herself an even tougher opponent to beat. Sara Errani/Andrea Vavassori vs Belinda Bencic/Dominic Stricker Head-to-head: First meeting It would be tough to make a mixed doubles power ranking with how little experience most pairs at this event have. But Sara Errani and Andrea Vavassori would be near the top after winning the US Open together. We know they have the chemistry and elite doubles skills to be a major weapon for Team Italy here. Belinda Bencic and Dominic Stricker can play doubles too and posted the key win against France together. But Errani and Vavassori have to be the favourites here. They’re probably the best mixed team in the tournament. Prediction: Errani/Vavassori in 3 This article first appeared on Last Word On Sports and was syndicated with permission.Learn from Pilibhit incident, ensure terrorists can’t target Mahakumbh: YogiProf Dr Shiv Sethi Name of Book : A Cornucopia of Articles Author : Dr.Ravi Prakash Tiwari Publisher: Evincepub Publishing Year of publication: 2024 Price: Rs.250/ Dr.Ravi Prakash Tiwari’s latest book, A Cornucopia of Articles, is a compendious depiction of issues pertaining to science, society, environment, security, academics, spiritualism, politics, economics, health, agriculture, global warming, ISRO and many others. It incorporates thirty articles penned down in a sublime language. This book is socially relevant because it conscientizes us about a medley of consequential temporal and spiritual issues. It will aid the society in learning how to tackle heat, save environment, use gadgets judiciously, assuage depression and suicidal tendency, keep surroundings clean, test food adulteration, soothe mind , diminish food wastage, etc. In the first chapter, Role of the UAE and Israel in Assuaging Water Crisis, Dr. Ravi has depicted how both the countries have solved the water -issue by having invented the technology to purify waste water and used drip irrigation to conserve water. In the next chapter, Artificial Intelligence, he depicts how AI will play major roles in curing cancer, combating crime, predicting pandemics, etc. In the article, Environmental Apocalypse, he discusses causes, impacts and solutions of environmental issues. The article, Upheaval in France, awakens us to the perils posed by immigration. The chapter, Pros and Cons of Using Digital Gadgets, elaborates on the need to employ gadgets judiciously. The article, China :- A Malediction To Humanity, exposes how China blatantly hitched conspiracies to breach territorial integrity of its neighbours and defied international laws. The chapter, Khalistan- A Separatist Movement, is a reminder to separatists that they can’t coerce India into capitulation. The chapter, Self-Reliant India in The Defense Sector, reveals how India’s defence ecosystem has been transformed and how she has embraced women in military. The chapter, Destigmatize Suicides to Save Lives, deals with the causes of suicides and the ways to keep suicidal tendency at bay. The chapter, Changes in Kashmir after the abrogation Of Article 370, depicts how Kashmir has progressed in every sphere of life. The chapter, Food gives the food For thought, explains the need to bolster our staples with micro-nutrients to make our labour force robust. The chapter on Aditya-L1 depicts its journey and functions in India’s progress. The chapter on Chandrayaan-3 does the same. The chapter, Biggest Causes of blood-shed, talks about the undeclared third world war. Society will pressurize the govt. to adopt global strategies to surmount some vexing problems mentioned here. The students with a scientific bent of mind will be intrigued by certain scientific facts mentioned in the articles. Since the articles were published in esteemed newspapers like The Daily Guardian, there can be no misgivings about the quality of their content. The book is replete with all the ingredients to make it a best seller. It will make readers knowledgeable about not only the universal facts but also idioms or phrases and high standard words. It is devoutly hoped that students and teachers will deem it a prized possession.
Letters for Dec. 12: Regional Greenhouse Gas Initiative membership benefits VirginiaNEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against ASML Holding N.V. ASML and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in ASML, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/asml-holding-nv . Investors have until January 13, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ASML securities. The case is pending in the U.S. District Court for the Southern District of New York and is captioned City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V., et al. , No. 24-cv-8664. What is the Lawsuit About? ASML is a leading supplier to the semiconductor industry, providing photolithography machines to chipmakers that are used in the semiconductor fabrication process. The complaint alleges that ASML repeatedly represented to shareholders that new export controls on semiconductor technology announced by the Dutch government would not have a material effect on ASML's financial outlook, and that ASML was on a path to recovery in its sales. On October 15, 2024, ASML announced earnings significantly lower than expectations. The Company attributed this to a market that was "taking longer to recover" and admitted that "[i]t now appears the recovery is more gradual than previously expected." On this news, the price of the Company's stock fell 16%, from a closing price of $872.27 per share on October 14, 2024, to $730.43 per share on October 15, 2024. Then, during the accompanying earnings call with investors on October 16, 2024, the Company attributed the poor earnings results to "a reflection of the slow recovery in the traditional [semiconductor] end markets as customers remain cautious in the current environment." The Company also disclosed that the decline in ASML's sales to China would also negatively impact the Company's gross margins. On this news, the price of the Company's stock fell 6.4%, from a closing price of $730.43 per share on October 15, 2024, to $683.52 per share on October 16, 2024. Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/asml-holding-nv . What Can You Do? If you invested in ASML you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/asml-holding-nv Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/asml-holding-nv Attorney advertising. Past results do not guarantee future outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
