Coupang(US:CPNG) Prnewswire·2026-01-17 03:22Core Viewpoint - Investors with substantial losses in Coupang, Inc. have until February 17, 2026, to file lead plaintiff applications in securities class action lawsuits due to alleged failures in disclosing material information during the Class Period from May 7, 2025, to December 16, 2025 [1][3]. Group 1: Legal Actions - The lawsuits against Coupang and certain executives are based on allegations of failing to disclose material information, which constitutes a violation of federal securities laws [3]. - The first-filed case is Barry v. Coupang, Inc., et al., No. 25-cv-10795, with a subsequent case, Lee v. Coupang, Inc., et al., No. 26-cv-00047, expanding the class period [5]. Group 2: Allegations - Allegations include inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without detection [4]. - The company is accused of being subjected to heightened regulatory and legal scrutiny due to the data breach, which was not reported in compliance with Securities and Exchange Commission rules [4]. - Public statements made by the defendants are claimed to be materially false and misleading throughout the Class Period [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm involved in these cases, ranked among the top 10 firms nationally based on total settlement value [5]. - The firm represents a variety of clients, including institutional and retail investors, seeking recoveries for investment losses due to corporate fraud or malfeasance [5].