Investors Have Opportunity to Lead Securities Fraud Lawsuit Against DigitalOcean Holdings, Inc.

Investors who have suffered substantial losses on their DigitalOcean investments now have the opportunity to lead a securities fraud class action lawsuit against DigitalOcean Holdings, Inc. The Law Offices of Howard G. Smith is actively seeking lead plaintiffs for this case, with a deadline of November 13, 2023.

The complaint filed alleges that throughout the Class Period, DigitalOcean failed to disclose crucial information to investors. It is claimed that the company lacked the necessary skills and experience to assess complicated tax matters, leading to ineffective controls over its accounting for income taxes. As a result, the positive statements made by DigitalOcean about its business, operations, and prospects were allegedly misleading and lacked a reasonable basis.

Investors who wish to learn more about this class action or have any questions regarding their rights or interests in the pending lawsuit are encouraged to contact Howard G. Smith, Esquire, of the Law Offices of Howard G. Smith. The firm can be reached via telephone at (215) 638-4847 or toll-free at (888) 638-4847, or by email at howardsmith@howardsmithlaw.com. Additional information can also be found on their website at www.howardsmithlaw.com.

Please note that this press release may be considered Attorney Advertising in some jurisdictions under applicable law and ethical rules.

Investors who believe they have been affected by DigitalOcean’s alleged misconduct during the specified Class Period are advised to take action or retain counsel of their choice. Alternatively, they may choose to take no action and remain an absent member of the class action.