Recent Security Class Actions

DigitalOcean Holdings Inc. Common Stock (NYSE: DOCN)

Company Name:DigitalOcean Holdings Inc. Common Stock
Stock Symbol:NYSE: DOCN
Class Period Start:02/16/2023
Class Period End (inclusive):08/25/2023
Filing Deadline:11/13/2023

According to the Complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants misled investors by failing to disclose 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) that as a result of the foregoing, Defendants' financial statements were inaccurate and materially misleading.