SAN DIEGO, Sept. 27, 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.
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What is this Case About: DitigalOcean 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 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, resulting in an overstatement ...