#United States #New York #Class Action #Levi & Korsinsky #Elastic N.V.

Levi & Korsinsky Urges Elastic N.V. Shareholders to Claim Their Rights

In a significant announcement, Levi & Korsinsky, LLP has reached out to investors of Elastic N.V. (NYSE: ESTC) regarding a class action securities lawsuit filed against the company. The legal action is designed to address the grievances of shareholders who suffered financial losses linked to alleged securities fraud between May 31, 2024, and August 29, 2024.

Understanding the Class Action

The lawsuit, aimed at recovering losses incurred by investors, revolves around claims that Elastic N.V. misled its shareholders through false statements. Specifically, the complaint highlights that the company made critical alterations to its sales operations, especially regarding its customer segments in the Americas. These changes reportedly disrupted Elastic's sales operations during the crucial first quarter of fiscal year 2025.

According to the filed complaint, the defendants allegedly overstated the stability of Elastic's sales, which led to an unrealistic revenue forecast for the fiscal year—ultimately resulting in material misinformation that affected stock value. This case has prompted concerns among investors about the transparency and operational integrity of Elastic.

Important Dates for Investors

For potential class members, there is a critical timeline to remember. Investors affected by the aforementioned period have until April 14, 2025, to request that the Court appoint them as lead plaintiff. While stepping into this role is advantageous, it is not a prerequisite for recovery. Participants do not have to bear any costs or fees to be part of this class action; compensation may be available at no cost.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a prolonged and successful history in handling complex securities litigation. Over the past two decades, the firm has secured substantial monetary settlements for shareholders and has earned a reputation for its effectiveness in high-stakes lawsuits. With a dedicated team exceeding 70 employees, Levi & Korsinsky's qualified expertise in securities law sets it apart as one of the leading firms in this niche.

The firm has consistently ranked in ISS Securities Class Action Services' Top 50 Report for its exceptional performance in securities litigation in the United States.

Contact Information

Shareholders of Elastic N.V. who wish to engage with the ongoing class action can initiate contact through various channels offered by Levi & Korsinsky:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Mailing address: 33 Whitehall Street, 17th Floor, New York, NY 10004

Additional information about the lawsuit and the submission process is available on their official website.

Potential class members are encouraged to act swiftly, as the window for participation will soon close. Joining this class action will ensure that dissatisfied shareholders have an avenue to reclaim their losses, holding the company accountable for its alleged misrepresentations.

In conclusion, the developments surrounding Elastic N.V. and the ongoing class action suit highlight the importance of transparency and accountability in corporate practices, as well as the need for investors to stay informed about their rights and available legal recourses.