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-0.000664157626743439 -0.00177108700464907 -0.00309940225813594 -0.00442771751162282 -0.00354217400929813 -0.00708434801859642 -0.0050918751383661 -0.00996236440115127
Stock impact report

South Korea online retailer Coupang faces US securities class action over massive data breach [Yahoo! Finance]

Coupang, Inc. Class A (CPNG) 
Company Research Source: Yahoo! Finance
action ?alleging violations of securities laws after a cybersecurity breach exposed ?personal information of more than 33 million customers. The lawsuit, filed last week in federal court in ? California , claims Coupang, its CEO and Chairman Bom Kim and its Chief Financial Officer Gaurav Anand misled investors about the company's data security practices and failed to disclose the breach in a timely way. Coupang, South Korea's biggest online retailer, ?last month apologized over ?the breach of personal information through unauthorized data access. In the aftermath, Park Dae-jun, chief executive of subsidiary Coupang Corp, ?resigned this month. The company, dubbed the Amazon.com of South Korea, previously said it would tighten security to prevent another data leak. Coupang did not immediately respond to a request ?for comment, and neither did a lawyer representing the investor who ?filed the lawsuit on December 18. Coupang, which operates globally, has offices in California an Show less Read more
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