Coupang(US:CPNG) Prnewswire·2026-01-14 16:51Core Viewpoint - Hagens Berman has filed a second securities class action against Coupang, Inc. (NYSE: CPNG), expanding the Class Period to include investors who purchased securities between May 7, 2025, and December 16, 2025, due to concerns over the company's disclosure controls and a significant data breach [1][2]. Group 1: Allegations and Investigations - The firm is investigating Coupang's statements regarding its disclosure controls, cybersecurity protocols, and transparency related to a breach that allegedly allowed a former employee to access sensitive customer data [2][3]. - The complaint highlights that Coupang provided assurances about its security measures and risk factors from May 6, 2025, until November 4, 2025, despite the occurrence of a significant data breach [4][5]. Group 2: Data Breach Details - On November 29, 2025, Coupang disclosed unauthorized access to personal data involving approximately 4,500 customer accounts, later revealing that about 33.7 million accounts were affected [5]. - Following the breach, Coupang announced a compensation plan of 1.685 trillion won (over $1 billion) on December 29, 2025, aimed at restoring customer trust [6]. Group 3: Financial Impact - The market capitalization of Coupang decreased by over $8 billion between the publication of a Reuters article on November 30, 2025, and the filing of the lawsuit [6]. - The company warned of potential material financial losses due to the breach, including revenue loss and regulatory penalties [5].