Important Investor Alert: Levi & Korsinsky, LLP Announces Class Action Securities Lawsuit Against Elastic N.V.
NEW YORK, March 28, 2025
Levi & Korsinsky, LLP announces that a class action securities lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of investors who purchased Elastic N.V. (“Elastic” or the “Company”) (NYSE: ESTC) securities between February 1, 2022, and November 18, 2022. The lawsuit alleges that Elastic made materially false and/or misleading statements and/or failed to disclose that:
- Elastic’s financial statements for the third quarter of 2022 contained errors related to revenue recognition and stock-based compensation;
- The Company’s internal control over financial reporting was inadequate;
- Elastic’s financial results were not in line with its guidance;
- As a result, Elastic’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Elastic securities during the relevant time frame, you may be entitled to participate in this class action securities lawsuit. More information about the lawsuit can be found at
Impact on Individual Investors
If you invested in Elastic securities during the period mentioned above, you may have lost significant value in your investment. The lawsuit alleges that Elastic misrepresented its financial statements and internal control over financial reporting, which could have negatively impacted your investment decision. If the allegations are proven true, Elastic may be liable for damages to its investors.
Impact on the World
The class action lawsuit against Elastic could have far-reaching implications for the technology industry and investors as a whole. The allegations of misrepresentation and inadequate internal controls could lead to increased scrutiny of other companies in the sector. Additionally, the lawsuit could result in increased regulatory oversight and potential changes to securities regulations. Ultimately, the outcome of this lawsuit could set a precedent for future securities litigation and impact investor confidence in the technology industry.
It is essential for investors to stay informed about the progress of this lawsuit and any potential developments. Levi & Korsinsky, LLP will continue to provide updates as more information becomes available.
Conclusion
Levi & Korsinsky, LLP’s announcement of a class action securities lawsuit against Elastic N.V. raises concerns for individual investors and the technology industry as a whole. The allegations of misrepresentation and inadequate internal controls could have significant consequences for Elastic and its investors. Staying informed about the progress of this lawsuit and any potential developments is crucial for investors looking to protect their investments and maintain confidence in the technology sector.
