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News  ›  GlobeNewswire Inc.

Coupang, Inc. (CPNG) Class Period Expanded in Pending Investor Securities Lawsuit - Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
Coupang, Inc. (CPNG) Class Period Expanded in Pending Investor Securities Lawsuit - Hagens Berman

A second securities class action has been filed against Coupang, Inc. (NYSE: CPNG) for allegedly making false assurances about its cybersecurity controls and disclosure procedures before revealing a massive data breach affecting 33.7 million Korean customer accounts in November 2025. The company's stock lost over $8 billion in market capitalization following the disclosure, and Coupang subsequently announced a 1.685 trillion won compensation plan.

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Coupang faces a securities class action lawsuit alleging it made false statements about cybersecurity controls and disclosure procedures before revealing a breach affecting 33.7 million customer accounts. The company lost over $8 billion in market capitalization and announced a $1 billion+ compensation plan, indicating significant financial and reputational damage.