SAN FRANCISCO, Feb. 9, 2026 /PRNewswire/ -- On February 5, 2026, investors in Coupang, Inc. (NYSE: CPNG) saw the price of their shares fall again. This time, shares fell over 13% on a Reuters report that data of an additional 165,000 users was leaked in a major security breach on top of the previously reported 33 million users whose data was leaked.
The next day, MAEIL BUSINESS NEWSPAPER reported that the company's interim CEO (Harold Rogers) is under investigation by South Korean authorities over whether statements he made at the National Assembly hearing in late December 2025 regarding the massive breach were perjury. According to the report, authorities are investigating Rogers' apparent claim that Coupang's investigation into the cybersecurity incident and contact with the suspect was "directed by the Korean government or its National Intelligence Service[,]", who reportedly said "'[w]e have not given any instructions to Coupang[.]'"
These developments come in the wake of the severe drop in the price of Coupang shares since the extent of the breach was first revealed in late November 2025.
A securities class action triggered by these events seeks to represent investors who purchased or otherwise acquired Coupang securities between May 7, 2025 - December 16, 2025. Investors who suffered significant losses are encouraged to contact national shareholder rights firm Hagens Berman and submit your losses here.
DEEP DIVE ANALYIS: Visit Hagens Berman's dedicated CPNG case page: www.hbsslaw.com/cases/coupang, or view our latest video summary of the allegations: youtu.be/jBOcNVx13T8
Class Period: May 7, 2025 - December 16, 2025
Lead Plaintiff Deadline: February 17, 2026
Visit: www.hbsslaw.com/investor- fraud /cpng
Contact the Firm Now: [email protected]
844-916-0895
Coupang, Inc. (CPNG) Securities Class Action:
The lawsuit claims that Coupang misled investors by touting "proactive security" and "administrative safeguards" while allegedly failing to detect a massive data breach for nearly six months. The breach, which impacted 33.7 million accounts, was reportedly carried out by a former employee using authentication keys that remained valid long after their departure. This alleged failure has led to a $1.2 billion compensation plan and a CEO resignation, wiping out over $8 billion in market value.
After the Class Period, on December 29, 2025, Coupang filed a current report with the SEC stating in part that its investigation into the matter "was coordinated on a daily basis, under the express direction of the government, over a period of several weeks." In addition to the alleged misleading statements set forth in the pending litigation, this company statement may also have come into question in view of MAEIL BUSINESS NEWSPAPER reporting.
"We are investigating why Coupang's threat visibility allegedly failed to detect a former employee's longtime access to sensitive customer data," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending litigation.
If you'd like more information and answers to frequently asked questions about the Coupang case and the firm's investigation, read more »
Whistleblowers: Persons with non-public information regarding Coupang should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
SOURCE Hagens Berman Sobol Shapiro LLP
