The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of DigitalOcean Holdings, Inc. (NYSE: DOCN) who purchased securities between February 16, 2023 and August 25, 2023. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the DigitalOcean lawsuit alleges that (1) defendants lacked the skills and experience to assess complicated tax matters and therefore did not design or maintain effective controls over the Company’s accounting for income taxes; and (2) as a result of the foregoing, defendants’ financial statements during the Class Period were inaccurate and materially misleading.
Shareholders have until November 13, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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