07:17 AM EDT, 09/11/2025 (MT Newswires) -- Coupang ( CPNG ) won the dismissal of a lawsuit that accused the e-commerce company of defrauding shareholders during and following its initial public offering in 2021, Reuters reported Wednesday, citing court documents.

The plaintiff shareholders were unable to show that Coupang ( CPNG ) and its executives planned to defraud them, made materially misleading statements and omissions, and ignored "red flags" that their public statements were false, the news agency reported, citing US District Judge Vernon Broderick in Manhattan, New York.

Many statements made by Coupang ( CPNG ) about working conditions were too broad or "aspirational" to be misleading, while statements about its relationships with suppliers were inadequately specific, were true to begin with, or amounted to "puffery," Reuters quoted Broderick as saying.

The judge also dismissed all claims against the IPO's underwriters, including JPMorgan Chase ( JPM ) and Goldman Sachs ( GS ) , according to the report.

"From the outset, we believed the claims were without merit, and today's decision affirms that view," Coupang ( CPNG ) said in a statement e-mailed to MT Newswires.

JPMorgan ( JPM ) and Goldman didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)