ATLANTA, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether DigitalOcean Holdings, Inc. (“DigitalOcean” or “the Company”) (NYSE: DOCN) complied with federal securities laws. On August 3, 2023, DigitalOcean disclosed it had identified certain errors within the “unaudited condensed consolidated financial statements for the three months ended March 31, 2023, as included in the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2023,” and should no longer be relied upon. The Company disclosed that as a result of the errors “accrued taxes as of March 31, 2023 were overstated and the income tax expense for the three months ended March 31, 2023 was overstated by approximately $18 million.” Following this news, the price of the Company’s stock dropped.
If you purchased DigitalOcean stock and suffered?a?loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com , call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/digitalocean/ to discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.?More information about the firm is available through its website, www.holzerlaw.com ,?and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
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