#United States #New York #Class Action #Gross Law Firm #Elastic N.V.

Class Action Lawsuit Notification for Elastic N.V. Investors

The Gross Law Firm has recently announced a significant notice for investors holding shares in Elastic N.V. (NYSE: ESTC). This notice is particularly important for shareholders who purchased shares of ESTC during the designated class period. For anyone who may be impacted by this information, it is crucial to understand the implications and potential next steps.

Important Dates and Allegations

The class period identified for this action spans from May 31, 2024, to August 29, 2024. During this interval, the lawsuit positions that Elastic N.V. and its executives made materially inaccurate statements regarding the company's operations, particularly surrounding their sales practices in the Americas. The allegations suggest that significant alterations to the sales strategy disrupted Elastic’s performance, leading to a failure to meet revenue expectations set forth for fiscal year 2025.

Specifically, the complaint contends the following allegations:

• - Changes made by Elastic in their sales operations were not transparently communicated.
• - These changes significantly impacted their sales performance during the first quarter of fiscal year 2025.
• - As a direct consequence, the financial forecasts and sales stability presented by the defendants were misleading.
• - This misrepresentation likely resulted in inflated evaluations of Elastic's stock, subjecting shareholders to potential losses.

Steps for Shareholders

Investors who purchased shares of Elastic N.V. during the specified period are encouraged to get in touch with the Gross Law Firm for potential lead plaintiff appointments. It is essential to note that while being appointed lead plaintiff can provide certain advantages in terms of participation and influence over proceedings, it is not a prerequisite to join the lawsuit.

The registration deadline for shareholders wishing to participate in this class action is April 14, 2025. Interested investors can easily register by visiting the designated website and following the submission guidelines provided by the Gross Law Firm.

Once registered, shareholders will be enrolled in a portfolio monitoring service, ensuring they receive updates on the lawsuit's progress and any impacts it might have on their investments.

The firm emphasizes that registration to partake in the class action costs the shareholders nothing and is completely free of obligation.

Why Choose Gross Law Firm?

The Gross Law Firm is a recognized establishment devoted to safeguarding investor rights, specializing in class action lawsuits against companies for wrongful actions that lead to financial detriment for shareholders. They focus on upholding corporate accountability and ethical conduct, providing a robust platform for those affected by deceptive practices to seek redress. Prior successes and client testimonials reinforce their commitment to bringing about favorable outcomes for investors who have suffered losses.

For additional information, stakeholders can contact the Gross Law Firm directly at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

In these challenging times for Elastic N.V. investors, staying informed and proactive is essential. By registering for this class action, shareholders can take steps toward possible recovery, ensuring that their rights as investors are upheld during this pivotal legal proceeding.