Hausfeld files securities fraud class-action complaint against Coupang, Inc.

Hausfeld has joined Saxena White P.A., Keller Rohrback LLP, and We The People Law Group in filing a securities fraud class-action complaint, Hakrae Lee et al. v. Coupang, Inc. et al. (U.S. District Court for the Western District of Washington, No. 2:26-cv-00047), against Coupang, Inc. (NYSE: CPNG), certain executives, and Coupang Corp. The suit, which expands the class period and allegations asserted in the related Barry v. Coupang action (N.D. Cal., No. 5:25-cv-10795), alleges violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5 on behalf of investors who purchased Coupang common stock between May 7, 2025 and December 16, 2025.

According to the complaint, defendants made materially false and misleading statements and failed to disclose that Coupang lacked adequate cybersecurity safeguards, its systems were infiltrated beginning June 24, 2025, that sensitive customer information was exposed, and the Company faced heightened regulatory scrutiny; all of which rendered defendants’ positive statements about the Company misleading. Corrective disclosures on November 29, 2025 (unauthorized access affecting approximately 33.7 million accounts), December 10, 2025 (CEO Park Dae-joon’s resignation tied to the incident), and December 16, 2025 (acknowledgment of a former employee’s unauthorized access and ongoing Korean regulatory investigations) were followed by stock declines on December 1, 10, and 17, 2025.

The lead plaintiff deadline is February 17, 2026, pursuant to the PSLRA notice published with the Barry action. Investors need not seek lead plaintiff status to share in any recovery.

You may contact Brian Ratner (bratner@hausfeld.com) to discuss your rights regarding the appointment of lead plaintiff or your interest in the class action.  You also may retain counsel of your choice to represent you in the class action. 

For more information, see: Saxena White P.A. Files Securities Fraud Class Action Against Coupang, Inc., Certain of Its Executives, and Coupang Corp., Expanding the Class Period and Allegations Asserted in Related Action | Saxena White P.A.