Berger Montague PC Investigating Claims on Behalf of Investors in Coupang, Inc. (CPNG) After Class Action Filing
CoupangCoupang(US:CPNG) TMX Newsfile·2025-12-30 18:36

Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly misleading investors about its cybersecurity measures during a specific period, leading to significant financial losses due to a data breach [1][2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities from August 6, 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's inadequate cybersecurity exposed it to a heightened risk of a data breach [2]. Group 2: Cybersecurity Breach - In November 2025, it was revealed that a data breach had compromised sensitive personal information of over 33 million customers [3]. - Following the disclosures, Coupang's stock price experienced significant declines, culminating in the company's acknowledgment of the breach on December 16, 2025 [3]. - This incident is noted as the largest cybersecurity event affecting South Korea to date [3].

Berger Montague PC Investigating Claims on Behalf of Investors in Coupang, Inc. (CPNG) After Class Action Filing - Reportify