DOCN - DigitalOcean Holdings Inc. (DOCN) Investor Alert: Robbins LLP Reminds Investors of Class Action Filed Against DigitalOcean Holdings Inc. | Benzinga

SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all investors who purchased or otherwise acquired DigitalOcean Holdings, Inc. (NYSE:DOCN) securities between February 16, 2023 and August 25, 2023. DigitalOcean is an emerging growth company, which purports to offer a cloud computing platform, primarily for small to medium sized businesses who lack adequate resources to support on-premise software development environments.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: DigitalOcean Holdings, Inc. (DOCN) Lacked Effective Controls Over the Company's Accounting for Income Taxes   

According to the complaint, during the class period, defendants failed to disclose to investors: (1) that 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) that, as a result of the foregoing, defendants' financial statements during the class period were inaccurate and materially misleading.

On August 3, 2023, DigitalOcean announced that it had "identified certain errors within the unaudited condensed consolidated financial statements for the quarter ended March 31, 2023 as ...

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