DOCN - Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of DigitalOcean Holdings Inc. (DOCN) Investors and Encourages Investors to Contact the Firm Before November 13 2023 | Benzinga

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE:DOCN) securities during the period from February 16, 2023 through August 25, 2023 (the "Class Period"). Investors have until November 13, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On August 3, 2023, DigitalOcean announced that it had made errors on previously issued financial statements for the period ended June 30, 2023. The Company revealed that it would file an amendment to its Q1 2023 10-Q, which would "also include disclosure of an identified material weakness and that our disclosure controls and procedures were not effective as of March 31, 2023" and December 31, 2022. On this news, the price of DigitalOcean shares declined by $11.57 per share, or approximately 24.8%, from $46.68 per share to ...

DOCN) Investors and Encourages Investors to Contact the Firm Before November 13, 2023>Full story available on Benzinga.com