Portnoy Law Firm Announces Class Action on Behalf of Coupang, Inc. Investors

Core Viewpoint - Coupang, Inc. is facing a class action lawsuit due to a significant data breach affecting 33.7 million customer accounts, leading to a decline in stock prices and the resignation of its CEO [1][3][4]. Group 1: Legal Actions - The Portnoy Law Firm is advising Coupang investors to join a class action lawsuit for those who purchased securities between August 6, 2025, and December 16, 2025, with a deadline to file a lead plaintiff motion by February 17, 2026 [1]. - Investors can contact the Portnoy Law Firm for a complimentary case evaluation and to discuss options for recovering losses [2]. Group 2: Data Breach Incident - On November 30, 2025, it was reported that Coupang apologized for a data breach involving unauthorized access to personal information from 33.7 million customer accounts, resulting in a stock price drop of $1.51 (5.36%) to close at $26.65 on December 1, 2025 [3]. - Following the breach, on December 10, 2025, the CEO of Coupang resigned, and a police raid occurred at the company's Seoul offices, causing the stock price to fall by $0.87 (3.2%) to close at $26.06 [4]. - On December 16, 2025, Coupang acknowledged the breach in a filing with the U.S. Securities and Exchange Commission, revealing that a former employee may have accessed sensitive information for up to 33 million accounts, leading to a further stock price decline of $0.47 (2.03%) to close at $22.72 on December 17, 2025 [5].