LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces the filing of a class action lawsuit against Coupang, Inc. (“Coupang” or “the Company”) (NYSE:CPNG) for violating federal securities laws.
Investors who have purchased shares of the Company as part of and/or traceable to the initial public offering of the Company carried out on March 11, 2021 (the “IPO”), are invited to contact the Company before October 25, 2022 .
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Coupang has engaged in anti-competitive practices such as pressuring vendors to raise its competitors’ prices and forcing vendors to buy advertising on the company’s platforms. The company manipulated its algorithms and changed product reviews to favor its private label products over other vendors. The company forced its employees to work in an unsafe environment, which exposed it to regulatory scrutiny. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Coupang, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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