CPNG INVESTOR ALERT: Hagens Berman Scrutinizing Claims in Pending Coupang, Inc. (CPNG) Suit Over 33.7 Million Account Data Breach and Alleged Disclosure Delays

Core Viewpoint - Hagens Berman is investigating Coupang, Inc. for allegedly misleading investors regarding its cybersecurity measures, particularly in light of a significant data breach that went undetected for nearly six months, affecting 33.7 million accounts [2][3]. Group 1: Allegations and Investigations - The lawsuit claims that Coupang misrepresented its "proactive security" and "administrative safeguards" while failing to detect a data breach for six months [2][5]. - The breach was reportedly executed by a former employee who retained valid authentication keys, leading to unauthorized access to sensitive customer information [2][5]. - Hagens Berman is focusing on why it took Coupang so long to identify the unauthorized access to customer accounts [3][5]. Group 2: Financial and Operational Impact - The incident has resulted in a compensation plan of approximately 1.685 trillion won ($1.2 billion) aimed at restoring customer trust [5]. - The breach has caused a significant market value loss for Coupang, totaling over $8 billion [2][5]. - CEO Park Dae-joon resigned as a direct consequence of the incident, highlighting the severe operational fallout [5]. Group 3: Regulatory and Disclosure Issues - Coupang acknowledged awareness of the cybersecurity incident on November 18, 2025, just 11 days before it was publicly disclosed [5]. - The company is cooperating with investigations initiated by Korean regulators regarding the breach [5].