Coupang Securities Suits Intensify With Expanded Class Period as Lead Plaintiff Deadline Nears

Overview

• Hagens Berman says a second complaint now seeks to represent investors who bought Coupang shares from May 7, 2025 through December 16, 2025, expanding earlier proposed windows.
• Multiple firms, including Rosen, Pomerantz, Kahn Swick & Foti, and Berger Montague, are soliciting clients and reminding investors of the February 17, 2026 deadline to seek lead-plaintiff status.
• The lawsuits allege Coupang overstated its cybersecurity and disclosure controls and failed to promptly report a breach that plaintiffs say allowed a former employee to access data for months.
• Coupang disclosed in a December 16 Form 8-K that it first learned of unauthorized access on November 18 and that about 33.7 million customer accounts in Korea were affected.
• Filings cite steep share declines and billions in lost market value following media reports, alongside fallout that included a CEO resignation, a police raid in Seoul, and a 1.685 trillion won compensation plan.