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KIM v. COUPANG, LLC

C.A. No. 2020-0772-JRS.

SOO HYUN KIM, an individual, Plaintiff, v. COUPANG, LLC, a Delaware limited liability company, f/k/a Forward Ventures, LLC, Defendant.

Court of Chancery of Delaware.

Date Decided: August 19, 2021.

Attorney(s) appearing for the Case

Kenneth J. Nachbar Esquire , and Alexandra M. Cumings Esquire , of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware and Lee H. Rubin Esquire , of Mayer Brown LLP, Palo Alto, California, Attorneys for Plaintiff Soo Hyun Kim.

Matthew E. Fischer, Esquire and Aaron R. Sims Esquire , of Potter Anderson & Corroon LLP, Wilmington, Delaware and Shahzeb Lari Esquire , of Hughes Hubbard & Reed, LLP, New York, New York, Attorneys for Defendant Coupang, LLC f/k/a Forward Ventures, LLC.

MEMORANDUM OPINION

Plaintiff, Soo Hyun Kim, alleges Defendant, Coupang, LLC ("Coupang" or the "Company"), wrongfully cancelled and disavowed certain equity interest he held in the Company ("Profit Units"), which were granted to him under his 2011 employment agreement. According to Kim, he discovered the wrongdoing...

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