SAN DIEGO, Sept. 02, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announced that a lawsuit has been filed against certain Coupang, Inc. investors. CPNG.
Investors with losses greater than $100,000 in Coupang, Inc. CPNG have certain options and short and strict deadlines apply. Deadline: October 25, 2022. NYSE: CPNG investors should contact the Shareholders Foundation at mail@aktionärsstiftung.com or call +1(858) 779-1554.
A lawsuit was filed against Coupang, Inc. on August 26, 2022. Plaintiff alleges that the IPO registration statement failed to disclose that Coupang, Inc. engaged in improper anti-competitive practices with its suppliers and other third parties that violate applicable law regulations, including: (i) pressurizing suppliers to comply with the increase prices of products on competing e-commerce platforms to ensure Coupang’s prices are more competitive; (ii) compel suppliers to buy advertising that would benefit Coupang financially; and (iii) forcing suppliers to bear all costs of promotional activities, all designed to artificially maintain Coupang’s lower prices and artificially increase Coupang’s historical revenue and market share, Coupang, Inc. to misadjust search algorithms and manipulate product ratings had marketplace platform to prioritize its own private label products over those of other sellers and merchants to the detriment of consumers, merchants and suppliers and that all of the above illegal practices exposed Coupang to increased but undisclosed reputational risk and regulatory scrutiny critical of Coupangs relationships with consumers, retailers, suppliers and employees.
The buyers of Coupang, Inc. CPNG Shares please contact the Shareholders Foundation, Inc.
CONTACT:
Shareholder Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@aktionärsstiftung.com
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