A securities class action has been filed in the USDC – N.D.CA. against Coupang, Inc. (CPNG) (“Coupang” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Coupang securities between October 22, 2024, and November 11, 2025, both dates inclusive (the “Class Period”).
Coupang describes itself, in pertinent part, as follows:
Coupang is one of the fastest-growing technology and commerce companies in the world, providing retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch.
The complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that:
(1) Coupang had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without being detected;
(2) this subjected Coupang to a materially heightened risk of regulatory and legal scrutiny;
(3) When Defendants became aware that Coupang had been subjected to this data breach, they did not report it in a current report filing (to be filed with the U.S. Securities and Exchange Commission (the “SEC”)) in compliance with applicable reporting rules; and
(4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
Coupang stock fell $1.30 per share, or 5.07%, to close at $24.33 on December 15, 2025. Coupang stock fell a further $1.14 per share, or 4.68%, to close at $23.19 on December 16, 2025.
If you purchased Coupang securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.