Core Viewpoint - Hagens Berman is investigating claims against Coupang, Inc. regarding a significant data breach that allegedly misled investors and resulted in substantial financial losses [3][4]. Group 1: Allegations and Impact - Coupang is accused of failing to detect a massive data breach for nearly six months, which affected 33.7 million accounts and was allegedly executed by a former employee using valid authentication keys [3][8]. - The breach has led to a compensation plan of $1.2 billion and the resignation of CEO Park Dae-joon, resulting in a loss of over $8 billion in market value [3][8]. - The lawsuit highlights inadequate internal controls that allowed unauthorized access to sensitive customer information, contradicting Coupang's claims of "proactive security" [8]. Group 2: Timeline and Regulatory Response - Coupang became aware of the cybersecurity incident on November 18, 2025, but did not disclose it publicly until 11 days later [8]. - The company is cooperating with investigations initiated by Korean regulators regarding the incident [8]. Group 3: Investor Actions - Investors who purchased Coupang securities between May 7, 2025, and December 16, 2025, and suffered losses are encouraged to contact Hagens Berman [1][6]. - The lead plaintiff deadline for the lawsuit is set for February 17, 2026 [1][7].
CPNG INVESTOR ALERT: Coupang, Inc. (CPNG) Investors with Substantial Losses Have Opportunity to Lead Securities Class Action