This shareholder derivative action was brought on behalf of Coupang against certain officers and members of the Company’s Board for breaches of their fiduciary duties arising from materially false and misleading statements and omissions to investors concerning Coupang’s anti-competitive practices and other illicit activities that helped pad the Company’s revenues and profits to the detriment of Coupang’s customers, merchants, suppliers, and employees in connection with the Company’s March 2021 initial public offering (“IPO”) and subsequent statements from March 11, 2021 through March 15, 2022 (the “Relevant Period”)
To learn more about this action, contact us at [email protected], or call Joshua Grabar at 267-507-6085.
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