Coupangs data breach starts drawing US legal attention

SEATTLE — Coupang may be heading into a new phase of legal pressure in the U.S. as investors begin to assess the fallout from the massive data breach that exposed personal information linked to more than 33 million customer accounts. The breach has already drawn intense scrutiny in Korea and contributed to a decline in Coupang’s share price. A New York–based investor rights firm, DJS Law Group, has opened an investigation into whether Coupang may have made misleading statements or failed to disclose information related to cybersecurity risks that could be important to investors. Such inquiries are often a precursor to a class action lawsuit. “The investigation focuses on whether the company issued misleading statements and/or failed to disclose information pertinent to investors,” DJS Law Group said in a statement, Tuesday. U.S. litigation firms commonly monitor major data incidents and sharp stock moves for signs that a company failed to properly warn investors about known vulnerabilities. Coupang’s share price movement following the breach disclosure suggests conditions that c

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