Coupang Securities Suits Jockey for Lead as Feb. 17 Investor Deadline Nears

Overview

• Lead-plaintiff motions are due on February 17, 2026, with several investor firms actively soliciting shareholders for competing actions.
• Cases are pending in the Northern District of California and Western District of Washington, including Barry v. Coupang and Lee v. Coupang, which seeks a longer class period.
• Complaints allege inadequate cybersecurity allowed a former employee to access sensitive data for nearly six months and that the company failed to file a timely SEC current report.
• Filings state roughly 33 to 33.7 million customer accounts were affected, followed by CEO Park Dae-joon’s resignation and a proposed 1.685 trillion won customer compensation plan.
• No class has been certified, so investors are not represented by class counsel unless they retain counsel or are appointed as lead plaintiff.