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Berger Montague PC Investigating Claims on Behalf of Investors in Coupang, Inc. (NYSE: CPNG) After Class Action Filing
Globenewswire· 2025-12-23 17:41
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. on behalf of investors who acquired Coupang securities during the specified Class Period, alleging misleading statements regarding the company's cybersecurity and regulatory compliance [1][3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period from August 6, 2025, to December 16, 2025, Coupang made false or misleading statements and failed to disclose critical information about its cybersecurity measures [3]. - The complaint alleges that Coupang's inadequate cybersecurity safeguards exposed the company to a heightened risk of a data breach, which could lead to regulatory and legal scrutiny [3]. - Investors became aware of the true state of Coupang's cybersecurity through a series of revelations starting in November 2025, which indicated that a former employee had access to sensitive customer information for nearly six months without detection [4]. Group 2: Investor Information - Investors who purchased Coupang securities during the Class Period have until February 17, 2026, to seek appointment as a lead plaintiff representative of the class [2]. - The lawsuit has resulted in significant declines in the price of Coupang securities following the disclosures about the company's cybersecurity issues [4].
Here’s What You Need to Know About Coupang, Inc. (CPNG) Data Breach
Insider Monkey· 2025-12-23 05:53
Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are highlighted, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is presented as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and positioned to capitalize on the onshoring trend driven by tariffs [5][6] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, amounting to nearly one-third of its market capitalization, which provides a strong financial foundation [8] - It is trading at less than 7 times earnings, indicating a potentially undervalued investment opportunity compared to its peers in the energy and AI sectors [10] Market Trends - The article discusses the broader trends of AI infrastructure supercycles, the onshoring boom, and a surge in U.S. LNG exports, all of which are expected to drive demand for energy [14] - The influx of talent into the AI sector is expected to lead to rapid advancements and innovative ideas, reinforcing the importance of investing in AI [12] Strategic Positioning - The company is involved in large-scale engineering, procurement, and construction (EPC) projects across various energy sectors, positioning it as a key player in the future of clean and reliable power [7] - It also holds a significant equity stake in another AI-related company, providing investors with indirect exposure to multiple growth engines in the AI space [9]
Coupang Faces Class Action Lawsuit Alleging Violations After Data Breach
PYMNTS.com· 2025-12-23 01:23
Core Viewpoint - Coupang is facing a class action lawsuit from investors alleging violations of securities laws related to a data breach that exposed personal information of nearly 34 million customers [2][3]. Group 1: Lawsuit Details - The lawsuit was filed in California, claiming that Coupang misled investors about its data security practices and failed to disclose the breach in a timely manner [2]. - Allegations include that Coupang understated its vulnerability to cyberattacks and overstated its safeguards in U.S. regulatory filings [2]. Group 2: Data Breach Information - The data breach exposed personal information such as names, email addresses, phone numbers, shipping addresses, and some order histories, but did not include login information or payment details [3][4]. - Coupang reported that the unauthorized access began in June via overseas servers and that it became aware of the breach on November 18, disclosing it to authorities on November 29 [3]. Group 3: Company Response and Management Changes - Coupang indicated that a former employee may have obtained the data, and to the company's knowledge, this individual had not publicly disclosed the information [4]. - The former CEO of Coupang's Korean subsidiary resigned on December 10, and the company stated that its operations have not been materially disrupted [5].
South Korea online retailer Coupang faces US securities class action over massive data breach
Reuters· 2025-12-22 18:44
South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of mo... ...
COUPANG, INC. (NYSE: CPNG) INVESTOR ALERT Investors With Large Losses in Coupang, Inc. Should Contact Bernstein Liebhard LLP To Discuss Their Rights
Globenewswire· 2025-12-22 13:15
NEW YORK, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Coupang, Inc. (“Coupang” or the “Company”) (NYSE: CPNG) between August 6, 2025 and December 16, 2025, inclusive. For more information, submit a form at Coupang, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (212 ...
Morgan Stanley Cuts Coupang (CPNG) PT to $31 Over Security Risks, Maintains Overweight Rating
Yahoo Finance· 2025-12-21 15:57
Coupang Inc. (NYSE:CPNG) is one of the best stocks to buy for the next 5 years. On December 14, Morgan Stanley analyst Seyon Park lowered the firm’s price target on Coupang to $31 from $35 and maintained an Overweight rating on the shares. Following Coupang’s recent security breach, Morgan Stanley reduced its valuation estimates to reflect a more cautious risk profile. The firm’s new projections bake in higher costs for security infrastructure; however, Park noted that the breach is unlikely to disrupt Cou ...
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
Globenewswire· 2025-12-21 14:27
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of Coupang, Inc. securities purchasers during the specified Class Period, alleging misleading statements and inadequate cybersecurity protocols that led to a data breach [1][5]. Group 1: Lawsuit Details - The class action lawsuit covers securities purchased between August 6, 2025, and December 16, 2025 [1]. - Allegations include that Coupang had inadequate cybersecurity measures, allowing a former employee to access sensitive customer information for nearly six months [5]. - The lawsuit claims that the defendants failed to disclose the data breach and did not report it to the SEC, resulting in materially false public statements [5]. Group 2: Investor Information - Investors who purchased Coupang securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [4].
Coupang, Inc. Securities Fraud Class Action Result of Data Breach and Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
Businesswire· 2025-12-20 03:28
Core Viewpoint - Investors with substantial losses in Coupang, Inc. have until February 17, 2026, to file lead plaintiff applications in a securities class action lawsuit related to the company's securities purchased between August 6, 2025, and December 16, 2025 [1] Group 1 - The law firm Kahn Swick & Foti, LLC is reminding investors about the deadline for filing applications [1] - The lawsuit pertains to securities acquired during the specified class period [1] - Charles C. Foti, Jr., a former Attorney General of Louisiana, is a partner at KSF [1]
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Coupang, Inc. (CPNG)
Globenewswire· 2025-12-20 01:00
Core Viewpoint - A securities class action lawsuit has been filed against Coupang, Inc. for alleged inadequate cybersecurity measures that led to a data breach affecting sensitive customer information [1][2] Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Northern District of California on behalf of all individuals or entities that purchased Coupang securities between August 6, 2025, and December 16, 2025 [1] - The complaint alleges that a former employee accessed sensitive customer information for nearly six months without detection, indicating inadequate cybersecurity protocols [2] - It is claimed that the company faced increased regulatory and legal scrutiny due to this data breach, and that the defendants failed to report the breach in compliance with SEC reporting rules [2] Group 2: Investor Information - Investors who acquired Coupang shares are encouraged to contact the law firm before the lead plaintiff motion deadline on February 17, 2026 [3] - The lead plaintiff will represent other class members in directing the litigation [3]
CPNG ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Coupang, Inc. Investors
Businesswire· 2025-12-19 23:00
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly making false statements and failing to disclose significant cybersecurity issues that led to a data breach affecting millions of customers [2][6]. Group 1: Lawsuit Details - The lawsuit claims that Coupang had inadequate cybersecurity protocols, allowing a former employee to access sensitive customer information for nearly six months without detection [2]. - The lawsuit alleges that Coupang did not report the data breach in compliance with U.S. Securities and Exchange Commission rules when they became aware of it [2]. - Investors who suffered losses during the class period from August 6, 2025, to December 16, 2025, can request lead plaintiff appointment until February 17, 2026 [1][6]. Group 2: Impact of Data Breach - On November 29, 2025, Coupang disclosed that personal information of 33.7 million customer accounts had been breached, resulting in a share price decline of approximately 5.36%, from $28.16 to $26.65 [3]. - Following the resignation of the head of Coupang's South Korean unit due to the data breach, shares fell by about 3.23%, from $26.93 to $26.06 on December 10, 2025 [4]. - On December 16, 2025, Coupang filed an 8-K acknowledging the breach, revealing that a former employee may have accessed names, phone numbers, delivery addresses, and email addresses of up to 33 million customer accounts, leading to a further decline in share price [5].