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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 is accused of inadequate cybersecurity protocols, failure to detect unauthorized data access for six months, and non-compliance with SEC reporting requirements regarding the breach. These allegations of mismanagement and regulatory violations resulted in investor losses.