TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.
News  ›  GlobeNewswire Inc.

CPNG INVESTOR ALERT: Coupang (CPNG) Hit With Securities Class Action Amid Massive Data Breach, Questions About Timely Disclosure, Executive Departure – Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Hagens Berman
CPNG INVESTOR ALERT: Coupang (CPNG) Hit With Securities Class Action Amid Massive Data Breach, Questions About Timely Disclosure, Executive Departure – Hagens Berman

Coupang faces a securities class action lawsuit for allegedly failing to timely disclose a massive data breach affecting 33.7 million customers. The breach, discovered on November 18, 2025, was attributed to a former employee who retained access credentials after leaving in 2024. The company did not file an 8-K report until December 16, 2025, raising questions about compliance with SEC disclosure requirements. The incident has wiped out over $8 billion in market capitalization since the breach became public on November 30, 2025.

Insights
VZ   negative

Reported network breach potentially compromising court-authorized wiretapping systems

CPNG   negative

Company faces securities class action lawsuit over alleged failure to timely disclose a massive data breach affecting 33.7 million customers. The breach was caused by a former employee retaining access credentials, raising questions about cybersecurity protocols and disclosure controls. Over $8 billion in market capitalization has been lost, and the CEO of the South Korean e-commerce unit resigned. The company faces potential regulatory penalties and material financial losses.

Keywords
#data breach #securities fraud #class action lawsuit #disclosure violation #cybersecurity #SEC compliance #customer data #executive resignation

Tickers
CPNG
← Prev: FFIV INVESTOR ALERT: F5, Inc. (FFIV) Faces Securities Class Action Amid Cybersecurity Incident, Questions About Disclosure Timing and Impact on Company’s Business – Hagens Berman