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Rosen Law Firm Reminds Coupang Investors of October 25 Lead Plaintiff Deadline in Securities Class Action

Rosen Law Firm Reminds Coupang Investors of October 25 Lead Plaintiff Deadline in Securities Class Action

Investors May Be Eligible for Compensation in Lawsuit Against Coupang, Inc.

New York, September 18, 2022 — The Rosen Law Firm, a global leader in investor rights, is reminding purchasers of Coupang, Inc. (NYSE: CPNG) securities, issued in connection with its March 2021 initial public offering (IPO), of the upcoming October 25, 2022, lead plaintiff deadline in a securities class action lawsuit. This case alleges that Coupang’s IPO registration statement contained false or misleading information, and investors may be entitled to compensation.

What to Know: Investors who bought Coupang securities traceable to the IPO registration statement may be eligible for compensation with no out-of-pocket fees through a contingency arrangement. A class action has already been filed, and the deadline for interested investors to apply as lead plaintiffs is October 25, 2022.

What’s Next: To participate or learn more, investors can visit the Rosen Law Firm’s website or contact attorney Phillip Kim for more details. Those wishing to serve as lead plaintiffs must apply by the deadline to represent other affected investors in the litigation.

Why Choose Rosen Law: Known for its success in securities class actions, Rosen Law Firm has secured significant settlements for investors, including the largest ever securities class action settlement against a Chinese company. The firm is highly ranked for class action settlements and is recognized for its expertise and track record of success.

Details of the Case: The lawsuit claims that Coupang’s IPO registration statement failed to disclose multiple unethical and anti-competitive practices, such as pressuring suppliers and manipulating marketplace algorithms. These actions allegedly inflated Coupang’s market position and revenues, exposing the company to reputational and regulatory risks, which, when revealed, caused financial losses for investors.

Andy Thomas
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