Coupang(US:CPNG) Globenewswire·2025-12-31 21:17Core Viewpoint - The Gross Law Firm is notifying shareholders of Coupang, Inc. regarding a class action lawsuit due to allegations of misleading statements and inadequate cybersecurity practices that led to a data breach affecting customer information [1][3]. Group 1: Allegations - The complaint alleges that Coupang had inadequate cybersecurity protocols, allowing a former employee to access sensitive customer information for nearly six months without detection [3]. - The company is accused of failing to disclose the heightened risk of regulatory and legal scrutiny due to the data breach [3]. - It is claimed that when the company became aware of the data breach, it did not report it in compliance with SEC filing rules, resulting in materially false and misleading public statements [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as August 6, 2025, to December 16, 2025 [3]. - Shareholders are encouraged to register for the class action by February 17, 2026, to potentially be appointed as lead plaintiffs [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].