New Orleans – (business wire)–Kahn Swick & Foti, LLC (“KSF”) and Charles C. Foti, Jr., a partner of KSF and former Louisiana Attorney General, to investors, October 25, 2022 In a securities class action lawsuit against Coupang, Inc. (NYSE: CPNG), where plaintiffs purchased or acquired traceable shares of the Company pursuant to the Company’s March 2021 Initial Public Offering (“IPO”), To file plaintiff plaintiffs. This lawsuit is pending in the United States District Court for the Southern District of New York.
what you can do
If you purchase or acquire shares of Coupang as described above and want to discuss your legal rights and how this case affects you and your right to recover financial losses, bear any obligations or costs. You can contact Luis, KSF’s Managing Partner, without For more information, call us toll-free at 1-877-515-1850, email us at lewis.kahn@ksfcounsel.com, or visit https://www.ksfcounsel.com/cases/nyse-cpng/ . If you wish to be the lead plaintiff in this class action, you must petition the court in the following manner: October 25, 2022.
About litigation
Coupang and some of its executives have been charged with failing to disclose material information in its IPO registration statement in violation of federal securities laws.
Alleged false and misleading statements and omissions include, but are not limited to: (ii) We inappropriately use search algorithms to favor our own branded products over those of other sellers and sellers to the detriment of consumers, sellers and suppliers; and operated product reviews on marketplace platforms. (iii) Unknown to Rocket WOW Members, Coupang sold products to non-member customers at prices lower than those offered to Rocket WOW Members. (iv) the company exposed its employees to extreme, unsafe and unhealthy working conditions; (v) all of the above illegal activities put the company at increased risk of reputational and regulatory scrutiny that could undermine the company’s important relationships with consumers, merchants, suppliers and employees; , not disclosed. (vi) our low prices, historical revenues, competitive advantage and market share growth are the result of systematic, inappropriate, unethical and/or illegal practices and are therefore unsustainable; is.
the case is Choi v. Coupang, Inc., No. 22-cv-07309.
About Kahn Swick & Foti, LLC
Partnered with former Louisiana Attorney General Charles C. Foty Jr., KSF is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public institutional investors, hedge funds, money managers and individual investors, seeking recovery of investment losses resulting from corporate fraud and fraud by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
