According to the lawsuit, defendants made made materially false and misleading statements regarding DigitalOcean’s business. Specifically, 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 DigitalOcean’s accounting for income taxes; and
• as a result of the foregoing, defendants’ financial statements during the Class Period were inaccurate and materially misleading.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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