Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Coupang, ...
Gainey McKenna & Egleston has filed a class action lawsuit against Coupang due to alleged inadequate cybersecurity and delayed breach reporting.Summary
Gainey McKenna & Egleston announced a securities class action lawsuit filed in the United States District Court for the Northern District of California against Coupang, Inc. (NYSE: CPNG) for purchases made between August 6, 2025, and December 16, 2025. The lawsuit alleges that Coupang had insufficient cybersecurity measures, allowing a former employee unauthorized access to sensitive customer data for approximately six months. This lapse allegedly exposed Coupang to increased regulatory and legal risks. Furthermore, the complaint claims that Coupang failed to promptly report the data breach to the U.S. Securities and Exchange Commission (SEC) as required by applicable reporting rules, and that public statements made by the company were materially false and/or misleading as a result.
(Source：Eagletribune)