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Investor Notice: Robbins LLP Informs Investors of the Coupang, Inc. Securities Class Action
Prnewswireยท 2025-12-19 01:40
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for failing to disclose a significant cybersecurity event that impacted the company, leading to a decline in stock price and harming investors [1][2]. Group 1: Allegations - The lawsuit alleges that Coupang had inadequate cybersecurity protocols, allowing a former employee to access sensitive customer information for nearly six months without detection [2]. - The company is accused of not reporting the data breach in compliance with applicable reporting rules, which heightened the risk of regulatory and legal scrutiny [2]. - Following the revelation of the breach, Coupang's stock price experienced a decline, negatively affecting investors [2]. Group 2: Class Action Participation - Shareholders who purchased Coupang securities between April 6, 2025, and December 16, 2025, may be eligible to participate in the class action [1][3]. - Interested shareholders can contact Robbins LLP to serve as lead plaintiff, representing other class members in the litigation [3]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [3]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [4]. - The firm has been dedicated to shareholder rights litigation since 2002, focusing on helping shareholders recover losses and improve corporate governance [4].