Core Viewpoint - A class action has been filed against Coupang, Inc. for failing to disclose a significant cybersecurity event that impacted the company, leading to a decline in stock price and harming investors [2]. Group 1: Allegations - Coupang allegedly had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without detection [2]. - The company is accused of subjecting itself to a materially heightened risk of regulatory and legal scrutiny due to the data breach [2]. - When the breach was discovered, Coupang did not report it in a timely manner as required by U.S. Securities and Exchange Commission regulations [2]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Coupang, with a deadline to submit papers to serve as lead plaintiff by February 17, 2026 [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3]. Group 3: Company Background - Coupang is described as one of the fastest-growing technology and commerce companies globally, offering services in retail, restaurant delivery, video streaming, and fintech under various brands [1].

Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for alleged misleading statements regarding its cybersecurity, which resulted in significant investor losses during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities from May 7, 2025, to December 16, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint claims that inadequate cybersecurity allowed a former employee to access sensitive customer information undetected for nearly six months [3]. Group 2: Company Impact - Following the cyber event, Coupang's CEO resigned, indicating a significant impact on company leadership and investor confidence [3]. - The lawsuit highlights the potential financial repercussions for Coupang, as investors reportedly suffered significant losses due to the alleged cybersecurity failures [3]. Group 3: Law Firm Background - Berger Montague, the law firm representing the plaintiffs, is noted for its expertise in complex civil litigation and has recovered over $50 billion for clients over its 55-year history [4]. - The firm has a strong track record in various legal areas, including securities, which is relevant to the current lawsuit against Coupang [4].

ATLANTA, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC reminds investors of the deadline to seek to be appointed lead plaintiff in the following class action lawsuits: SLM Corporation (SLM) The shareholder class action lawsuit filed against SLM Corporation (“SLM” or the “Company”) (NASDAQ: SLM) alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material facts regarding the effectiveness of SLM’s loss mitigation and/or loan modification programs betw ...

Group 1 - Coupang Inc (NYSE:CPNG) is recognized for its significant growth potential, with BofA Securities maintaining a Buy rating but lowering the price target from $38 to $32, indicating over 50% upside potential from the new target [1][4] - The price target reduction is attributed to regulatory challenges following a personal data leak, alongside ongoing scrutiny regarding fair trade, labor, and tax issues [2][3] - The company faces a challenging business environment due to persistent regulatory oversight in the South Korean retail industry, with two major US investors urging an investigation into the South Korean government's trade practices against Coupang [3] Group 2 - Despite the regulatory challenges, BofA Securities remains optimistic about Coupang's long-term prospects, suggesting that the investigations may create short-term uncertainties but do not diminish the company's potential [4] - Coupang is a major player in the South Korean e-commerce sector, known for its "Rocket Delivery" service, and also offers services in restaurant delivery, video streaming, fintech, and luxury goods [5]

Core Viewpoint - Kahn Swick & Foti, LLC has initiated class action securities lawsuits against Coupang, Inc. for alleged securities fraud affecting investors during the specified period [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud between May 7, 2025, and December 16, 2025 [2]. - Coupang and certain executives are accused of failing to disclose material information, violating federal securities laws [3]. - Allegations include inadequate cybersecurity protocols that allowed unauthorized access to sensitive customer information for nearly six months, leading to heightened regulatory and legal scrutiny [3]. - The defendants allegedly failed to report the data breach in compliance with Securities and Exchange Commission reporting rules, rendering their public statements materially false and misleading [3]. Group 2: Legal Proceedings - The first-filed case is Barry v. Coupang, Inc., et al., No. 25-cv-10795, with a subsequent case, Lee v. Coupang, Inc., et al., No. 26-cv-00047, expanding the class period [4]. - Investors have until February 17, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require this role [4]. Group 3: About Kahn Swick & Foti, LLC - Kahn Swick & Foti, LLC is recognized as one of the premier boutique securities litigation law firms in the U.S., with a ranking among the top 10 firms nationally based on total settlement value [4]. - The firm serves a diverse clientele, including public and private institutional investors, as well as retail investors, seeking recoveries for investment losses due to corporate fraud or malfeasance [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Coupang, Inc. securities between August 6, 2025, and December 16, 2025, of the upcoming lead plaintiff deadline for a securities class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Coupang securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 17, 2026 [3] - The lawsuit alleges that Coupang made false and misleading statements regarding its cybersecurity protocols, which allowed unauthorized access to sensitive customer information [5] Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering significant amounts for investors [4] - The firm has been recognized for its leadership in securities class action settlements, including a record settlement against a Chinese company [4] Group 3: Case Specifics - The lawsuit claims that Coupang's inadequate cybersecurity measures led to a data breach that was not reported in compliance with SEC regulations, resulting in misleading public statements [5]

Core Viewpoint - Kevin Warsh, appointed by President Donald Trump to lead the Federal Reserve, has earned over $1 million since 2020 as a board member of Coupang, which is currently involved in trade tensions between the U.S. and South Korea [1] Company Summary - Coupang is an e-commerce company that has become a focal point in the ongoing trade tensions between the United States and South Korea [1] - The financial performance of Coupang is highlighted by Warsh's earnings, indicating a significant role in the company's governance and potential influence on its strategic direction [1]

Core Viewpoint - Coupang, Inc. is facing a lawsuit due to allegations of misleading investors regarding its cybersecurity measures, which failed to prevent a significant data breach affecting 33.7 million accounts, leading to substantial financial losses and executive changes [2][6]. Group 1: Lawsuit and Allegations - The lawsuit claims that Coupang misrepresented its "proactive security" and "administrative safeguards" while failing to detect a data breach for nearly six months [2][6]. - The breach, attributed to a former employee, resulted in unauthorized access to sensitive customer data and has led to a compensation plan of $1.2 billion [2][6]. - Coupang's internal systems were reportedly infiltrated starting June 24, 2025, with the breach disclosed on November 29, 2025 [6]. Group 2: Financial Impact - The data breach has resulted in a loss of over $8 billion in market value for Coupang [2]. - The company announced a $1.2 billion compensation plan in response to the breach [2][6]. Group 3: Executive Changes and Regulatory Scrutiny - Following the breach, Coupang's CEO Park Dae-joon resigned on December 10, 2025, and was replaced by Harold Rogers as interim CEO [6]. - Coupang is currently under investigation by Korean regulators, which the company is fully cooperating with [6].

Core Viewpoint - Coupang is facing significant scrutiny and legal challenges following a major data breach that exposed personal information of over 33 million customers, with ongoing investigations and potential regulatory penalties looming [4][5][6]. Company Response - Interim CEO Harold Rogers has pledged full cooperation with all government investigations into the data leak, including a police investigation regarding evidence tampering during an internal probe [1][2][9]. - The company announced compensation of 1.69 trillion won, offering each affected customer a voucher of 50,000 won [8]. Data Breach Details - The data breach, one of South Korea's worst, reportedly began in June and was disclosed in November, exposing names, email addresses, phone numbers, shipping addresses, and certain order histories, but not payment details or login credentials [4][6]. - The breach has led to a significant decline in Coupang's stock price, which has fallen nearly 30% since the disclosure [6]. Regulatory and Legal Challenges - South Korean President Lee Jae Myung has called for stricter penalties for corporate negligence related to data breaches, with potential fines for Coupang exceeding 1 trillion won ($696 million) under current laws [5]. - Coupang is also facing a tax audit and a legal complaint from South Korea's National Assembly against its founder and former executives [6]. Investor Concerns - Two major U.S. investors have petitioned the U.S. government to investigate the South Korean government for what they describe as discriminatory treatment of Coupang [7]. - Coupang is facing a class action lawsuit in the U.S. for allegedly misleading investors regarding its data security practices and failing to disclose the breach in a timely manner [7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Coupang, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Coupang securities between August 6, 2025, and December 16, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 17, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Coupang made false and misleading statements regarding its cybersecurity protocols, which allowed unauthorized access to sensitive customer information for nearly six months [5]. - It is claimed that Coupang faced increased regulatory and legal scrutiny due to inadequate cybersecurity measures, and the company failed to report the data breach in compliance with SEC regulations [5]. - The lawsuit asserts that the public statements made by Coupang were materially false and misleading, leading to investor damages when the true details were revealed [5].