The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of April 14, 2025 in Elastic Lawsuit - ESTC

Core 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]. - Significant changes were implemented in Elastic's sales operations, particularly affecting customer segments in the Americas [1]. - These changes disrupted sales operations in the first quarter of FY 2025, leading to an overstatement of the stability of sales operations [1]. - As a result, Elastic was unlikely to meet its previously issued revenue guidance for FY 2025 [1]. Class Action Details - Shareholders who purchased shares of ESTC during the specified class period are encouraged to register for the class action [2]. - The deadline for seeking lead plaintiff status is April 14, 2025, and there is no cost or obligation to participate [2]. Firm's Mission - The Gross Law Firm aims to protect the rights of investors affected by deceit and illegal business practices, ensuring companies adhere to responsible business practices [3].