Coupang, Inc. Investors Can Lead Securities Class Action Lawsuit

Investors affected by recent controversies surrounding Coupang, Inc. (NYSE: CPNG) have a unique opportunity to assert their rights through a class action lawsuit. As reported by Hagens Berman, a prominent national shareholder rights law firm, those who purchased Coupang securities from May 7, 2025, to December 16, 2025, are encouraged to take action before the lead plaintiff deadline arrives on February 17, 2026.

The lawsuit arises from claims that Coupang concealed critical information from its investors regarding cybersecurity failures. According to reports, the company's assurance of “proactive security” and “administrative safeguards” has been called into question after it was revealed that a pervasive data breach went undetected for almost six months. This breach reportedly affected 33.7 million accounts and was executed by a former employee who misused authentication keys long after their departure from the company.

The Allegations

Hagens Berman's investigation highlights several key issues in Coupang's cybersecurity protocols and their communication with investors. The allegations include:

1. Inadequate Internal Controls: The lawsuit contends that Coupang failed to implement proper security measures, which permitted a former employee unfettered access to sensitive customer data. Despite claims of having a robust system for monitoring threats, the breach occurred undetected for a significant duration.

2. Delayed Disclosure: Coupang informed its investors of the cybersecurity incident only after it had been aware of it for 11 days. The company disclosed on November 18, 2025, that a former employee potentially accessed personal information of up to 33 million customer accounts. This delay in communication raises concerns regarding transparency and accountability.

3. C-Suite Fallout and Financial Implications: The repercussions of this data breach have been significant, resulting in the resignation of CEO Park Dae-joon and an overwhelming compensation plan amounting to an estimated 1.685 trillion won, approximately $1.2 billion. This financial burden comes in an attempt to restore customer confidence and regain trust in the marketplace.

What This Means for Investors

Investors who sustained losses during the specified period may still have a path to recovery. Hagens Berman is currently advising affected individuals to come forward and participate in the class action process. With the lead plaintiff deadline approaching, it’s crucial for those who lost money due to these allegations to act swiftly to protect their interests.

Taking Action

If you believe you've been impacted, reach out to Hagens Berman's Reed Kathrein, who leads the investigation into the misconduct claims. You can submit your losses through the firm’s secure form.

In addition, individuals possessing non-public information about Coupang may consider speaking out as whistleblowers. Under the SEC Whistleblower Program, those providing original information can be rewarded if successful recovery efforts are made. For further details, interested parties can contact the firm for guidance.

Conclusion

The events surrounding Coupang, Inc. serve as a critical reminder of the importance of corporate accountability and transparency. With potential legal actions on the horizon, this case might reshape the landscape for investor rights and corporate governance.

For more insights and updates on the ongoing investigation, investors and interested parties are encouraged to follow the developments through Hagens Berman’s official channels.