Saxena White P.A. Files Securities Fraud Class Action Against Coupang, Inc., Certain of Its Executives, and Coupang Corp., Expanding the Class Period and Allegations Asserted in Related Action

GlobeNewswire Inc. • Jan 7, 2026 12:46pm (New York) •By Saxena White P.A.

Saxena White P.A. Files Securities Fraud Class Action Against Coupang, Inc., Certain of Its Executives, and Coupang Corp., Expanding the Class Period and Allegations Asserted in Related Action

Law firm Saxena White P.A. filed a securities fraud class action lawsuit against Coupang, Inc. and certain executives, alleging the company failed to disclose inadequate cybersecurity procedures. The lawsuit covers investors who purchased Coupang stock between May 7, 2025 and December 16, 2025. Coupang disclosed on November 29, 2025 that a cybersecurity breach exposed personal data of approximately 33.7 million customer accounts in Korea, with unauthorized access beginning June 24, 2025. The stock declined significantly following the disclosure and subsequent CEO resignation announcement.

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Company faces securities fraud allegations for failing to disclose inadequate cybersecurity safeguards. A major data breach exposed 33.7 million customer accounts, leading to regulatory investigations, CEO resignation, and significant stock price declines (5.36%, 3.2%, and 2% on separate disclosure dates). The lawsuit alleges material misstatements and omissions regarding business operations and prospects.

Keywords

#securities fraud #class action lawsuit #cybersecurity breach #data breach #customer data exposure #regulatory investigation #CEO resignation #stock decline

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