Elastic(ESTC) Prnewswire·2025-03-27 09:45Core 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 during the class period from May 31, 2024, to August 29, 2024, Elastic made materially false and misleading statements [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]. - The public statements made by the defendants were materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased shares of ESTC during the specified timeframe are encouraged to register for the class action by April 14, 2025 [2]. - Registration allows shareholders to be enrolled in a portfolio monitoring software for status updates on the case [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [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].