Elastic(ESTC) Prnewswire·2025-03-24 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]. Group 1: Allegations and Class Period - The class period for the allegations is from May 31, 2024, to August 29, 2024 [1]. - Allegations include that Elastic made significant changes to its sales operations, particularly affecting customer segments in the Americas, which disrupted sales operations 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]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 14, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered from deceit, fraud, and illegal business practices [3]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [3].