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CPNG INVESTOR ALERT: Coupang, Inc. Investors with Substantial Losses Have Opportunity to Lead the Coupang Class Action Lawsuit
Prnewswire· 2026-01-20 14:21
Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Coupang, Inc. regarding alleged misrepresentation of cybersecurity protocols and a significant data breach affecting customer information [1][2]. Group 1: Legal Proceedings - The lead plaintiff deadline for the class action lawsuit is set for February 17, 2026 [3]. - The expanded class period for affected investors is from May 7, 2025, to December 16, 2025 [3]. - The key allegation involves delayed disclosure of a cybersecurity breach detected on November 18, 2025 [3][4]. Group 2: Allegations and Breach Details - The lawsuit claims that Coupang misled investors by assuring them of adequate cybersecurity measures while failing to disclose a breach that allowed unauthorized access to sensitive customer data [2][4]. - On November 29, 2025, Coupang revealed that its internal systems were compromised, affecting approximately 33.7 million customer accounts in Korea [7]. - The breach is believed to have started on June 24, 2025, via overseas servers [7]. Group 3: Executive Changes and Regulatory Actions - Coupang's CEO, Park Dae-joon, resigned on December 10, 2025, in connection with the data leak incident, and Harold Rogers was appointed as interim CEO [7]. - On December 16, 2025, Coupang acknowledged awareness of the cybersecurity incident on November 18, 2025, prior to public disclosure [7]. - Korean regulators have initiated investigations into the breach, and Coupang is cooperating fully [7]. Group 4: Compensation and Future Actions - Following the breach, Coupang announced a compensation plan of 1.685 trillion won (over $1 billion) to restore customer trust [7]. - Reports suggest that the breach may have involved authentication keys that were valid for an extended period, raising questions about the adequacy of Coupang's cybersecurity protocols [8].
CPNG INVESTOR NOTICE Coupang, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2026-01-19 18:26
Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Coupang, Inc. regarding alleged misrepresentation of cybersecurity protocols and a significant data breach affecting customer information [1][2]. Group 1: Legal Proceedings - The lead plaintiff deadline for the class action lawsuit is set for February 17, 2026 [4]. - The class period for the lawsuit covers transactions from May 7, 2025, to December 16, 2025 [4]. - The key allegation involves delayed disclosure of a cybersecurity breach detected on November 18, 2025 [4]. Group 2: Allegations and Breach Details - The lawsuit claims that Coupang misled investors by assuring them of adequate cybersecurity measures while concealing a breach that allowed unauthorized access to sensitive customer data [2][5]. - On November 29, 2025, Coupang disclosed that its systems were infiltrated, affecting approximately 33.7 million customer accounts in Korea [7]. - The breach is believed to have begun on June 24, 2025, via overseas servers [7]. Group 3: Executive Changes and Regulatory Actions - Coupang's CEO, Park Dae-joon, resigned on December 10, 2025, in connection with the data leak incident [7]. - Following the breach, Coupang announced a compensation plan of 1.685 trillion won (over $1 billion) to restore customer trust [7]. - Korean regulators have initiated investigations into the incident, and Coupang is cooperating fully [7]. Group 4: Investigation and Whistleblower Information - Hagens Berman is investigating whether Coupang was aware of inadequate cybersecurity practices but failed to disclose this information [6]. - Reports suggest that the breach may have involved a former employee using authentication keys that remained valid for an extended period [8]. - Whistleblowers with non-public information regarding Coupang are encouraged to come forward, with potential rewards under the SEC Whistleblower program [9].
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Coupang, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CPNG
TMX Newsfile· 2026-01-19 18:20
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Coupang, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Coupang securities between August 6, 2025, and December 16, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 17, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Coupang made false and misleading statements regarding its cybersecurity protocols, which allowed unauthorized access to sensitive customer information for nearly six months [5]. - It is claimed that Coupang faced increased regulatory and legal scrutiny due to inadequate cybersecurity measures, and the company failed to report the data breach in compliance with SEC regulations [5]. - The lawsuit asserts that the misleading public statements resulted in investor damages once the true details of the situation became known [5].
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Coupang, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – CPNG
Globenewswire· 2026-01-18 14:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Coupang, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1] Group 1: Class Action Details - Investors who bought Coupang securities between August 6, 2025, and December 16, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 17, 2026 [3] - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4] Group 2: Case Allegations - The lawsuit alleges that Coupang made false and misleading statements regarding its cybersecurity protocols, which allowed unauthorized access to sensitive customer information for nearly six months [5] - It is claimed that Coupang faced increased regulatory and legal scrutiny due to inadequate cybersecurity measures and failed to report the data breach in compliance with SEC regulations [5] - The lawsuit asserts that the public statements made by Coupang were materially false and misleading, resulting in investor damages when the true details were revealed [5]
ROSEN, THE FIRST FILING FIRM, Encourages Coupang, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CPNG
TMX Newsfile· 2026-01-17 17:04
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Coupang, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Coupang securities between August 6, 2025, and December 16, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 17, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Coupang made false and misleading statements regarding its cybersecurity protocols, which allowed unauthorized access to sensitive customer information for nearly six months [5]. - It is claimed that this breach heightened the risk of regulatory scrutiny and that Coupang failed to report the incident in compliance with SEC regulations [5]. - The lawsuit asserts that the public statements made by Coupang were materially false and misleading, resulting in investor damages when the true details became known [5].
Coupang, Inc. Securities Fraud Class Action Result of Data Breach and 20% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
Prnewswire· 2026-01-17 03:22
Core Viewpoint - Investors with substantial losses in Coupang, Inc. have until February 17, 2026, to file lead plaintiff applications in securities class action lawsuits due to alleged failures in disclosing material information during the Class Period from May 7, 2025, to December 16, 2025 [1][3]. Group 1: Legal Actions - The lawsuits against Coupang and certain executives are based on allegations of failing to disclose material information, which constitutes a violation of federal securities laws [3]. - The first-filed case is Barry v. Coupang, Inc., et al., No. 25-cv-10795, with a subsequent case, Lee v. Coupang, Inc., et al., No. 26-cv-00047, expanding the class period [5]. Group 2: Allegations - Allegations include inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without detection [4]. - The company is accused of being subjected to heightened regulatory and legal scrutiny due to the data breach, which was not reported in compliance with Securities and Exchange Commission rules [4]. - Public statements made by the defendants are claimed to be materially false and misleading throughout the Class Period [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm involved in these cases, ranked among the top 10 firms nationally based on total settlement value [5]. - The firm represents a variety of clients, including institutional and retail investors, seeking recoveries for investment losses due to corporate fraud or malfeasance [5].
Kuehn Law Encourages Investors of Coupang, Inc. to Contact Law Firm
TMX Newsfile· 2026-01-16 20:34
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Coupang, Inc. related to a federal securities lawsuit concerning inadequate cybersecurity protocols and misrepresentation of information to shareholders [1][2]. Group 1: Cybersecurity Issues - Coupang had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without detection [2]. - This breach exposed Coupang to a materially heightened risk of regulatory and legal scrutiny [2]. Group 2: Disclosure Failures - Insiders at Coupang failed to report the data breach in a current report filing with the U.S. Securities and Exchange Commission (SEC), violating applicable reporting rules [2]. - Public statements made by the company were materially false and/or misleading during the relevant times [2].
ROSEN, A LEADING LAW FIRM, Encourages Coupang, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CPNG
TMX Newsfile· 2026-01-16 16:02
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Coupang, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Coupang securities between August 6, 2025, and December 16, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 17, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Coupang made false and misleading statements regarding its cybersecurity protocols, which allowed unauthorized access to sensitive customer information for nearly six months [5]. - It is claimed that Coupang faced increased regulatory and legal scrutiny due to inadequate cybersecurity measures and failed to report the data breach in compliance with SEC regulations [5]. - The lawsuit asserts that the public statements made by Coupang were materially false and misleading, leading to investor damages when the true details were revealed [5].
COUPANG, INC. SECURITIES FRAUD NOTICE: Berger Montague Informs Coupang, Inc. (CPNG) Investors of Securities Fraud Lawsuit
TMX Newsfile· 2026-01-16 15:36
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly misleading investors about its cybersecurity practices during a specified period, leading to significant financial losses due to a data breach revelation [1][2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities from May 7, 2025, to December 16, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint claims that Coupang had inadequate cybersecurity measures, increasing the risk of a data breach [2]. Group 2: Cybersecurity Incident - In November 2025, it was disclosed that a data breach had compromised sensitive personal information of over 33 million customers [3]. - Following the breach disclosures, Coupang's stock price experienced significant declines, culminating in an acknowledgment of the cybersecurity event on December 16, 2025 [3]. - This incident is noted as the largest cybersecurity event affecting South Korea to date [3].
Coupang, Inc. (NYSE:CPNG) Sees Optimistic Price Target Amidst Market Volatility
Financial Modeling Prep· 2026-01-16 09:02
Deutsche Bank sets a price target of $25 for Coupang, Inc. (NYSE:CPNG), indicating a potential upside of 17.65%.Coupang's stock performance has been volatile, with a recent decline of 8.49% over the past month, underperforming the Retail-Wholesale sector.Despite a predicted year-over-year earnings decrease, revenue is expected to rise by 16.42% to $9.27 billion in the upcoming earnings report.Coupang, Inc. (NYSE:CPNG), a leading e-commerce company in South Korea, often likened to Amazon for its wide range o ...