Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. regarding allegations of securities fraud and unlawful business practices related to a significant data breach affecting customer information [1][2]. Group 1: Lawsuit Details - The class action lawsuit is focused on whether Coupang and its officers/directors engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Coupang securities during the Class Period have until February 17, 2026, to request to be appointed as Lead Plaintiff [2]. Group 2: Data Breach Incident - On November 30, 2025, it was reported that Coupang experienced a data breach affecting 33.7 million customer accounts, leading to a stock price drop of $1.51 per share (5.36%) to close at $26.65 on December 1, 2025 [4]. - Following the breach, Coupang's CEO resigned, and a police raid occurred at Coupang's offices, resulting in a further stock price decline of $0.87 per share (3.2%) to close at $26.06 on December 10, 2025 [5]. - 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 personal information of up to 33 million customers, causing the stock price to fall by $0.47 per share (2.03%) to close at $22.72 on December 17, 2025 [6].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Coupang, Inc. of Class Action Lawsuit and Upcoming Deadlines - CPNG