Elastic(ESTC) Prnewswire·2025-02-27 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Elastic N.V. regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting sales during FY 2025 [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that Elastic N.V. made materially false and misleading statements during the class period from May 31, 2024, to August 29, 2024 [1]. - Key allegations include significant changes to sales operations, particularly in the Americas, which disrupted sales in the first quarter of FY 2025 [1]. - It is claimed that these changes led to an overstatement of the stability of Elastic's sales operations and that the company was unlikely to meet its previously issued revenue guidance for FY 2025 [1]. Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of April 14, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [2]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].