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Notice to Elastic N.V. Shareholders: Class Action Lawsuit Details

The Gross Law Firm has recently issued an important notice to investors of Elastic N.V. (NYSE: ESTC) concerning a forthcoming class action lawsuit. Shareholders who acquired shares of ESTC during the specified class period are advised to engage with the firm regarding the opportunity for lead plaintiff appointment. Although it is not mandatory to become a lead plaintiff to take part in any potential recovery, timely registration is essential.

Class Period and Allegations

The class period recognized for this lawsuit spans from May 31, 2024, to August 29, 2024. The allegations suggest that during this timeframe, the defendants made materially false and misleading statements about the company's operations. Key claims include that:

• - Elastic made critical adjustments to its sales operations, especially concerning its customer segments in the Americas.
• - These adjustments disrupted Elastic's sales processes in the first quarter of fiscal year 2025.
• - There was an overstatement of the stability of Elastic's sales operations.
• - Due to these issues, the company was unlikely to fulfill its previously released revenue guidance for fiscal year 2025.
• - Consequently, public remarks made by the defendants were misleading at all pertinent times.

Important Deadlines

Shareholders must act quickly, as the deadline for motion to be appointed as the lead plaintiff is set for April 14, 2025. Interested investors should not delay in registering for the class action. Further details and registration can be accomplished through the following link: Elastic N.V. Loss Submission Form.

Steps for Shareholders

Upon registering as a shareholder who purchased ESTC shares during the specified period, you will gain access to a portfolio monitoring tool. This tool will keep you updated concerning the status of the case as it unfolds. Joining the case comes at no cost or obligation to the shareholders, making it a risk-free opportunity for recovery.

Why Choose The Gross Law Firm?

The Gross Law Firm is a well-recognized class action law firm committed to safeguarding the rights of investors who have suffered losses due to deceitful practices or fraudulent activity. Their mission is anchored in ensuring that corporations adhere to ethical practices while being accountable to their shareholders. The firm actively seeks recovery for losses suffered by investors when a company's misleading statements result in artificially inflated stock prices.

Contact Information

For further questions or to learn more about the lawsuit process, stakeholders are encouraged to reach out:

• - Address: The Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY 10018
• - Email: info@grosslawfirm.com
• - Phone: 646-453-8903

The firm's commitment is to ensure that justice is served and investors are duly compensated for any undue losses they have faced due to misleading company statements. As the deadline approaches, keeping informed and taking action is crucial for all shareholders involved with Elastic N.V.