Coupang(US:CPNG) Globenewswire·2026-01-15 21:34Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Coupang, Inc. regarding alleged misleading statements about its cybersecurity protocols and a significant data breach affecting customer information [1][2]. Group 1: Legal Proceedings - The lead plaintiff deadline for the class action lawsuit is set for February 17, 2026 [5]. - The class period for the lawsuit covers transactions from May 7, 2025, to December 16, 2025 [5]. - The key allegation involves delayed disclosure of a cybersecurity breach detected on November 18, 2025 [5]. Group 2: Allegations and Breach Details - The lawsuit claims that Coupang misrepresented the effectiveness of its cybersecurity measures and concealed a breach that allowed unauthorized access to sensitive customer data [2][6]. - The breach reportedly involved access to approximately 33.7 million customer accounts in Korea, with unauthorized access believed to have begun on June 24, 2025 [9]. - Coupang's CEO resigned on December 10, 2025, in connection with the data leak incident, and the company appointed an interim CEO [9]. Group 3: Regulatory and Financial Implications - Coupang acknowledged awareness of the cybersecurity incident on November 18, 2025, but did not disclose it publicly until December 16, 2025 [9]. - Following the breach, Coupang announced a compensation plan of 1.685 trillion won (over $1 billion) to restore customer trust [9]. - Korean regulators have initiated investigations into the incident, and Coupang is cooperating fully [9].