Particle.news
Download on the App Store

Coupang Investors Pressed to Act as Competing Securities Suits Gather Ahead of Feb. 17 Deadline

Plaintiffs focus on delayed breach disclosure plus inadequate safeguards following Coupang's report of unauthorized access to about 33.7 million customer accounts.

Overview

  • Rosen Law Firm, Levi & Korsinsky, The Gross Law Firm, and Hagens Berman are recruiting shareholders for overlapping class actions challenging Coupang’s cybersecurity and disclosures.
  • Notices set differing class periods, with some firms citing May 7–Dec. 16, 2025 and others using Aug. 6–Dec. 16, 2025, which could affect who qualifies for recovery.
  • Investors seeking to lead the litigation must move by Feb. 17, 2026 under the PSLRA process.
  • Complaints allege a former employee accessed sensitive data for nearly six months undetected and that Coupang failed to timely file a current report with the SEC after learning of the incident.
  • Coupang disclosed an intrusion on Nov. 29, 2025 and later said it became aware on Nov. 18, 2025, detailed potential exposure of names, phone numbers, delivery addresses, and emails for up to 33 million accounts, announced a 1.685 trillion won customer plan, reported a CEO resignation, and faces Korean regulatory and police scrutiny.