{"id":75416,"date":"2022-10-21T05:40:50","date_gmt":"2022-10-21T05:40:50","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=100421"},"modified":"2022-10-21T05:40:50","modified_gmt":"2022-10-21T05:40:50","slug":"cpng-final-deadline-notice-rosen-leading-trial-attorneys-encourages-coupang-inc-investors-with-losses-in-excess-of-100k-to-secure-counsel-before-important-october-25-deadline-in-securities","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/cpng-final-deadline-notice-rosen-leading-trial-attorneys-encourages-coupang-inc-investors-with-losses-in-excess-of-100k-to-secure-counsel-before-important-october-25-deadline-in-securities\/","title":{"rendered":"CPNG FINAL DEADLINE NOTICE: ROSEN, LEADING TRIAL ATTORNEYS, Encourages\u00a0Coupang, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important October 25 Deadline in Securities Class Action \u2013 CPNG"},"content":{"rendered":"
\n

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Coupang, Inc. (NYSE: CPNG) pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with Coupang\u2019s March 2021 initial public offering (the \u201cIPO\u201d) of the important October 25, 2022 lead plaintiff deadline<\/strong>.<\/p>\n

SO WHAT:<\/strong> If you purchased Coupang securities pursuant and\/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the Coupang class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=8383<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 25, 2022<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. <\/strong>Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE: <\/strong>According to the lawsuit, the IPO Registration Statement featured false and\/or misleading statements and\/or failed to disclose that: (1) Coupang was engaged in improper anti-competitive practices with its suppliers and other third parties in violation of applicable regulations, including: (a) pressuring suppliers to raise prices of products on competing e-commerce platforms to ensure Coupang\u2019s prices would be more competitive; (b) coercing suppliers into purchasing advertisements that would benefit Coupang financially; (c) forcing suppliers to shoulder all expenses from sales promotions; and (d) requesting wholesale rebates from suppliers without specifying any terms relating to rebate programs, all of which served to artificially maintain Coupang\u2019s lower prices and artificially inflate Coupang\u2019s historical revenues and market share; (2) Coupang 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; (3) unbeknownst to its Rocket WOW members (a customer loyalty program for the Company\u2019s most engaged and frequent customers), Coupang was selling products to non-member customers at lower prices than those offered to its Rocket WOW members; (4) Coupang subjected its workforce to extreme, unsafe, and unhealthy working conditions; (5) \u00a0all of the above illicit practices exposed Coupang to a heightened, but undisclosed, risk of reputational and regulatory scrutiny that would harm Coupang\u2019s critical relationships with consumers, merchants, suppliers, and the workforce; and (6) Coupang\u2019s lower prices, historical revenues, competitive advantages, and growing market share were the result of systemic, improper, unethical, and\/or illegal practices, and, thus, unsustainable. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Coupang class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=8383<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8669563<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Coupang, Inc. (NYSE: CPNG) pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with Coupang\u2019s March 2021 initial public offering (the \u201cIPO\u201d) of [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nCPNG FINAL DEADLINE NOTICE: ROSEN, LEADING TRIAL ATTORNEYS, Encourages\u00a0Coupang, Inc. 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