Coupang(US:CPNG) Globenewswire·2026-02-16 17:09Core Insights - Coupang, Inc. experienced a significant drop in share price, falling over 13% due to a report of an additional 165,000 user data being leaked, compounding the previously reported 33 million users affected by a major security breach [1][2] - The interim CEO, Harold Rogers, is under investigation for potential perjury related to statements made about the breach, which has further impacted investor confidence [2] - A securities class action lawsuit has been initiated, representing investors who acquired Coupang securities between May 7, 2025, and December 16, 2025, due to alleged misleading statements regarding the company's cybersecurity measures [3][4] Company Developments - The data breach reportedly affected 33.7 million accounts and was allegedly executed by a former employee using authentication keys that remained valid post-departure, leading to a $1.2 billion compensation plan and the resignation of the CEO, resulting in a loss of over $8 billion in market value [4] - Following the class period, Coupang filed a report with the SEC indicating that its investigation was conducted under government direction, raising questions about the accuracy of previous statements made by the company [5] Legal and Investigative Actions - The law firm Hagens Berman is leading the investigation into the claims against Coupang, focusing on the failure to detect unauthorized access to sensitive customer data by a former employee [6] - Whistleblowers with non-public information regarding Coupang are encouraged to come forward, with potential rewards under the SEC Whistleblower program for original information leading to successful recovery [6]