ROSEN, A TOP LEGAL LAW FIRM, Encourages Coupang, Inc. Investors to Seek Advice Before … | New

NEW YORK, Sept. 09, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of Coupang, Inc. (NYSE: CPNG) securities in accordance with the registration and/or traceable thereto statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Coupang’s March 2021 IPO (the “IPO”) of the important deadline of October 25, 2022 for Principal Applicants.

AND SO: If you purchased Coupang securities during the Class Period, you may be entitled to compensation without payment of any fees or out-of-pocket costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Coupang class action, go to https://rosenlegal.com/submit-form/?case_id=8383 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as a lead plaintiff, you must move the Court no later than October 25, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the IPO’s registration statement contained false and/or misleading statements and/or failed to state that: (1) Coupang engaged in improper anti-competitive practices with its suppliers and other third parties in violation of applicable regulations, including: (a) pressuring suppliers to raise product prices on competing e-commerce platforms to ensure that Coupang’s prices would be more competitive ; (b) coerce vendors into buying advertisements that would financially benefit Coupang; (c) require Suppliers to bear all expenses related to sales promotions; and (d) request wholesale discounts from suppliers without specifying the terms of the discount programs, all of which have served to artificially keep Coupang’s prices low and artificially inflate Coupang’s historical revenues and market share; (2) Coupang had misadjusted search algorithms and manipulated product reviews on its marketplace platform to prioritize its own private label products over those of other sellers and merchants, to the detriment of consumers, merchants and suppliers; (3) Unbeknownst to its Rocket WOW members (a customer loyalty program for the company’s most engaged and frequent customers), Coupang was selling products to non-member customers at lower prices than offered to its Rocket WOW members; (4) Coupang subjected its workforce to extreme, dangerous and unhealthy working conditions; (5) all of the above illicit practices exposed Coupang to increased, but undisclosed, regulatory oversight and reputational risk that would harm Coupang’s critical relationships with consumers, merchants, suppliers and the workforce ; and (6) Coupang’s lower prices, historical revenues, competitive advantages and growing market share were the result of systemic, improper, unethical and/or illegal and, therefore, unsustainable practices.

To join the Coupang class action, go to https://rosenlegal.com/submit-form/?case_id=8383 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, Pennsylvania

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

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