#United States #New York #Class Action #Securities Fraud #Elastic N.V.

Levi & Korsinsky Notifies Investors of Elastic N.V. Class Action Lawsuit

Levi & Korsinsky, LLP has issued a notice to all shareholders of Elastic N.V. regarding a forthcoming class action lawsuit concerning alleged securities fraud. This lawsuit is particularly significant for current investors of Elastic, as it seeks to recover losses incurred during the period from May 31, 2024, to August 29, 2024.

Overview of the Lawsuit

The class action aims to address the alleged misleading statements made by the executives of Elastic, which reportedly misrepresented the stability of the company’s sales operations during the specified timeframe. Specifically, the lawsuit outlines that significant changes were enacted in Elastic's sales operations focused on its customer segments within the Americas. These operational adjustments reportedly led to disruptions in sales during the first quarter of fiscal year 2025, contradicting previous assurances made by the company regarding its financial health and operational stability.

Filing Details

The main claims against Elastic indicate that the company’s public statements were materially false and misleading at all relevant times. Investors who experienced losses due to these alleged misrepresentations now have until April 14, 2025, to submit a request for court certification as lead plaintiffs. It's crucial for investors to be aware that participating in this class action does not incur any costs or fees upfront; eligible class members can seek compensation without any financial burden.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a long-standing history of representing investors in securities litigation, with over 20 years of experience in securing settlements for aggrieved shareholders. The firm has effectively recovered hundreds of millions of dollars for its clients and is consistently acknowledged in the ISS Securities Class Action Services’ Top 50 Report as a leading firm specializing in securities litigation. Levi & Korsinsky prides itself on having an extensive team of over 70 dedicated professionals who assist investors in navigating complex legal matters.

Steps for Investors

Investors in Elastic who incurred losses during the relevant period are encouraged to act swiftly. They can initiate their claims by reaching out to Joseph E. Levi, Esq., either via email at [email protected] or by calling (212) 363-7500. The firm will guide them through the process of potentially being recognized by the court as lead plaintiffs.

It is essential for affected investors to understand their rights and take proactive steps to ensure their interests are represented in this class action. The deadline to act is nearing, presenting an urgent call to activist shareholders who may benefit from joining the legal proceedings against Elastic N.V. As the case develops, patrons should remain updated on pertinent timelines and requirements to prepare for potential court proceedings.

Contact Information

For further inquiries, investors can contact:
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
Website: www.zlk.com

In conclusion, the class action lawsuit against Elastic N.V. represents a critical moment for shareholders concerned about their investments since the disclosures made by the company. The timeline is imperative, and all affected parties are urged to seek legal consultation promptly.