{"id":778402,"date":"2023-08-16T13:29:30","date_gmt":"2023-08-16T17:29:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-of-digitalocean-holdings-inc-docn-announced-by-holzer-holzer-llc\/"},"modified":"2023-08-16T13:29:30","modified_gmt":"2023-08-16T17:29:30","slug":"investigation-of-digitalocean-holdings-inc-docn-announced-by-holzer-holzer-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-of-digitalocean-holdings-inc-docn-announced-by-holzer-holzer-llc\/","title":{"rendered":"Investigation of DigitalOcean Holdings, Inc. (DOCN) Announced by Holzer & Holzer, LLC"},"content":{"rendered":"
\n

ATLANTA, Aug. 16, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC is investigating whether DigitalOcean Holdings, Inc. (\u201cDigitalOcean\u201d or \u201cthe Company\u201d) (NYSE: DOCN) complied with federal securities laws.\u00a0 On August 3, 2023, DigitalOcean disclosed it had identified certain errors within the \u201cunaudited condensed consolidated financial statements for the three months ended March 31, 2023, as included in the Company\u2019s Quarterly Report on Form 10-Q for the three months ended March 31, 2023,\u201d and should no longer be relied upon. The Company disclosed that as a result of the errors \u201caccrued 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.\u201d Following this news, the price of the Company\u2019s stock dropped.\u00a0<\/p>\n

If you purchased DigitalOcean stock and suffered\u202fa\u202floss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com<\/a> or Joshua Karr, Esq. at\u202fjkarr@holzerlaw.com<\/u><\/a>, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com\/case\/digitalocean\/<\/u><\/a> to discuss your legal rights.<\/p>\n

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.\u202fMore information about the firm is available through its website, www.holzerlaw.com<\/u><\/a>,\u202fand 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.\u202f\u00a0
\u202f\u00a0
CONTACT:\u202f\u00a0
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ATLANTA, Aug. 16, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC is investigating whether DigitalOcean Holdings, Inc. (\u201cDigitalOcean\u201d or \u201cthe Company\u201d) (NYSE: DOCN) complied with federal securities laws.\u00a0 On August 3, 2023, DigitalOcean disclosed it had identified certain errors within the \u201cunaudited condensed consolidated financial statements for the three months ended March 31, 2023, as included in the Company\u2019s Quarterly Report on Form 10-Q for the three months ended March 31, 2023,\u201d and should no longer be relied upon. The Company disclosed that as a result of the errors \u201caccrued 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.\u201d Following this news, … <\/p>\n

Continue reading “Investigation of DigitalOcean Holdings, Inc. (DOCN) Announced by Holzer & Holzer, LLC”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-778402","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nInvestigation of DigitalOcean Holdings, Inc. 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