NEW ORLEANS, Sept. 06, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they to have October 25, 2022 Lead Plaintiff’s Motions in a Securities Class Action Against Coupang, Inc. CPNG, if they purchased or acquired the Company’s shares pursuant to and/or traceable to the Company’s March 2021 IPO (the “IPO”). This lawsuit is pending in the United States District Court for the Southern District of New York.

What you can do

If you have purchased or acquired shares in Coupang as described above and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may contact KSF Managing Partner at no obligation or cost to you Lewis contact Kahn toll-free at 1-877-515-1850 or email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cpng/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court October 25, 2022.

About the lawsuit

Coupang and certain of its executives are accused of failing to disclose material information in its IPO registration statement in violation of federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company engaged in improper anti-competitive practices with its suppliers and other third parties in violation of applicable regulations; (ii) the Company misaligned search algorithms and manipulated product reviews on its marketplace platform in order to prioritize its own private label products over those of other sellers and merchants to the detriment of consumers, merchants and suppliers; (iii) without the knowledge of its Rocket WOW members, Coupang sold products to non-members at lower prices than those offered to its Rocket WOW members; (iv) the company has its workforce…