#United States #New York #Levi Korsinsky #Elastic N.V. #ESTC

Important Notice for Elastic N.V. Investors

Levi & Korsinsky, LLP has issued a crucial alert to investors regarding a class action securities lawsuit targeting Elastic N.V. (NYSE: ESTC). This legal action arises from alleged securities fraud that impacted shareholders between May 31, 2024, and August 29, 2024. As an investor, it's essential to be aware of your rights and the impending deadlines to take necessary actions.

Class Action Details

The lawsuit is designed to recover financial losses incurred by investors during this specified timeframe. The core complaints of the case revolve around the assertion that Elastic made misleading statements and failed to disclose significant changes in its sales operations, particularly affecting its customer segments in the Americas. These changes reportedly led to disruptions that misrepresented Elastic's sales stability, thus causing damages to shareholders who relied on the company’s public assertions.

Claims Against Elastic

The main allegations include:
1. Sales Operations Misrepresentation: Elastic purportedly altered its sales operations without adequately communicating these changes to investors, resulting in a false sense of stability.
2. Inaccurate Revenue Guidance: Due to the operational disruptions stemming from these changes, Elastic was unlikely to meet its previously stated revenue projections for Fiscal Year 2025.
3. Materially False Statements: The defendants in the lawsuit allegedly made statements that were misleading, contributing to the financial losses experienced by shareholders.

Key Dates and Actions

For investors who have suffered losses during this period, it is critical to note that the deadline to request appointment as lead plaintiff is April 14, 2025. Being appointed as a lead plaintiff allows you to play a direct role in the lawsuit; however, participation in a class action does not require you to take on this role to be eligible for compensation.

No Upfront Costs

Levi & Korsinsky aims to ensure that class members can participate without incurring any out-of-pocket costs or fees. This approach is designed to empower investors to seek justice without the burden of financial risk. If you find yourself included in this class, reaching out to the firm may present a viable path towards recovering your losses.

Why Choose Levi & Korsinsky?

The legal team at Levi & Korsinsky has a proven track record, having recovered hundreds of millions of dollars for shareholders over the past two decades. Recognized repeatedly by ISS Securities Class Action Services as one of the top firms in the arena of securities litigation, they stand ready with over 70 skilled professionals dedicated to serving shareholders like you.

To proceed, if you were impacted by Elastic’s actions or if you need further information, you can reach out directly to Joseph E. Levi, Esq. via email or phone.

• - Email: contact@zlk.com
• - Phone: (212) 363-7500

To get involved or to learn more about the lawsuit, please visit the form link for the lawsuit submission.

In conclusion, if you are an investor who has navigated losses during the stated time frame, acting promptly is essential. Take this opportunity to engage with experienced legal counsel and explore your options for recovery.