CPNG INVESTOR ALERT: Coupang (CPNG) Hit With Securities Class Action Amid Massive Data Breach, Questions About Timely Disclosure, Executive Departure – Hagens Berman
01/02/2026 01:52 PM • 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 disclosure until December 16, 2025, raising questions about compliance with SEC disclosure requirements. The incident has resulted in over $8 billion in market capitalization loss and the resignation of the CEO of Coupang's South Korean e-commerce unit.
CPNG - Coupang faces significant legal and regulatory challenges following a massive data breach affecting 33.7 million customers, alleged delayed SEC disclosure, executive departure, government investigations, and over $8 billion in market capitalization loss. The company is accused of misrepresenting cybersecurity protocols and failing to timely inform investors of material incidents.
Investing.com • Jeffrey Neal Johnson