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News  ›  GlobeNewswire Inc.

Bronstein, Gewirtz & Grossman LLC Urges Coupang, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Coupang, Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Coupang, Inc. alleging that the company made false and misleading statements regarding inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months. The lawsuit claims defendants failed to properly report the data breach to the SEC in compliance with applicable rules, causing investor damages when the true details became public. The class period covers purchases between August 6, 2025 and December 16, 2025.

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CPNG   negative

The company faces allegations of inadequate cybersecurity, failure to disclose a significant data breach, and non-compliance with SEC reporting requirements. These violations resulted in materially false public statements and investor losses, indicating serious corporate governance and compliance failures.