#United States #San Francisco #Data Breach #Hagens Berman #Coupang

Coupang Investors Face a Critical Deadline

Coupang, Inc. (CPNG) has recently been at the center of significant investor scrutiny, following alarming revelations regarding a major data breach affecting millions of customer accounts. National shareholder rights firm Hagens Berman is urging investors affected by these developments to take immediate action, as the deadline for lead plaintiff status is quickly approaching on February 17, 2026.

The crux of the investigation revolves around allegations that Coupang misrepresented its cybersecurity measures while a significant data breach went undetected for nearly half a year. The breach reportedly compromised 33.7 million accounts, impacting sensitive personal information such as names, phone numbers, and delivery addresses. Technology and security experts are questioning how a former employee retained access to such vast amounts of data, as they allegedly exploited authentication keys that remained valid despite leaving the company.

Key Allegations

Hagens Berman has pinpointed several critical failures in Coupang's oversight and disclosure protocols:

1. Inadequate Internal Controls: The lawsuit outlines deficiencies in Coupang's security measures, which purportedly allowed a former employee access to sensitive customer data without detection. This situation contradicts the company’s prior assurances to investors regarding its