NYSE: CPNG Investor Notice: Investors who Lost over $100,000 in Coupang, Inc. shares should contact the Shareholders Foundation in connection with pending Lawsuit
SAN DIEGO, CA / ACCESSWIRE / September 6, 2022 / The Shareholders Foundation, Inc. announces that a deadline is coming up in the lawsuit that is pending for certain investors in shares of Coupang, Inc. (NYSE:CPNG).
Investors with losses more than
On August 26, 2022, a lawsuit was filed against Coupang, Inc. over alleged Securities Laws Violations in connection with Coupang's March 11, 2021 initial public offering ("IPO").
On or around March 11, 2021, Coupang, Inc. conducted its initial public offering ("IPO"), and the company sold 130 million shares for
The plaintiff alleges that the IPO's registration statement failed to disclose that Coupang, Inc. was engaged in improper anti-competitive practices with its suppliers and other third parties in violation of applicable regulations, including: (i) pressuring suppliers to raise prices of products on competing e-commerce platforms to ensure Coupang's prices would be more competitive; (ii) coercing suppliers into purchasing advertisements that would benefit Coupang financially; and (iii) forcing suppliers to shoulder all expenses from sales promotions, all of which served to artificially maintain Coupang's lower prices and artificially inflate Coupang's historical revenues and market share, that Coupang, Inc. had improperly adjusted search algorithms and manipulated product reviews on its marketplace platform to prioritize its own private-label branded products over those of other sellers and merchants, to the detriment of consumers, merchants, and suppliers, and that all of the above illicit practices exposed Coupang to a heightened, but undisclosed, risk of reputational and regulatory scrutiny that would harm Coupang's critical relationships with consumers, merchants, suppliers, and the workforce.
Those who purchased Coupang, Inc. (NYSE:CPNG) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
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