#USA #New York #Levi & Korsinsky #Elastic N.V. #ESTC

Elastic N.V. Class Action Lawsuit Alert

Levi & Korsinsky, LLP, a prominent law firm specializing in securities litigation, has issued a critical notice to investors in Elastic N.V. (NYSE: ESTC) regarding ongoing class action litigation. This alert serves as a reminder that investors who suffered losses due to alleged securities fraud involving Elastic are encouraged to respond before the deadline of April 14, 2025, for lead plaintiff applications.

Background of the Case

The lawsuit was initiated to recover losses sustained by investors during a specific period defined by the firm. From May 31, 2024, to August 29, 2024, it is alleged that Elastic’s management misled investors by making false statements regarding the company's operational stability and its revenue forecasts for fiscal year 2025. The complaint outlines that significant internal changes as well as challenges in sales operations were not disclosed, ultimately jeopardizing the company's sales outcomes and revenue projections.

Allegations Highlighted

The specific allegations in the complaint detail that:

• - Elastic made substantial modifications to its sales operations, particularly regarding customer segments in the Americas, which they did not disclose.
• - These changes caused disruptions within the company during the first quarter of the fiscal 2025 year, affecting sales performance significantly.
• - The firm’s leadership overstated the stability of its operations, leading to unrealistic revenue expectations for fiscal 2025.
• - Overall, the public statements made by Elastic before these revelations were deemed materially false and misleading.

What Investors Should Do

If you are an investor who bought shares of Elastic within the affected timeframe and experienced financial losses, you may qualify for compensation through this lawsuit. Prospective lead plaintiffs must submit their applications by the deadline stated above. Importantly, participating in this class action does not require you to serve as a lead plaintiff to benefit from any potential recovery.

Benefits of Joining the Class Action

Investors may seek compensation for their losses incurred without incurring any legal fees or costs upfront. The law firm assures that
class members who decide to join the lawsuit will not need to cover out-of-pocket expenses. Levi & Korsinsky has a robust history of advocating for investors, having recovered hundreds of millions of dollars on their behalf over two decades.

Assurance of Professional Legal Support

Levi & Korsinsky boasts a dedicated team of over 70 professionals, providing extensive experience in complex securities litigation. Over the years, they have established themselves as one of the leading firms in the United States for such matters, consistently ranking in the top tier of SEC securities litigation by ISS Securities Class Action Services.

Contact Information

For further information about this notice or to get assistance, investors are encouraged to contact:

• - Joseph E. Levi, Esq.

Email: [email protected]
Phone: (212) 363-7500

• - Alternatively, details and submission forms can be found via the official website: Levi & Korsinsky.

Conclusion

As the April 14, 2025 deadline approaches, affected investors must act promptly to ensure they have the opportunity to recover financial losses stemming from the alleged misconduct by Elastic's management. Staying informed and taking action can be essential to securing your rights as a shareholder.