Hub Group, Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and approximately 31% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC

Hub Group, Inc. (NASDAQ: HUBG) is the subject of a securities class action lawsuit. Investors who purchased Hub Group securities between April 28, 2023, and May 11, 2026, inclusive, have until August 28, 2026, to file lead plaintiff applications. The lawsuit alleges that Hub Group and its executives failed to disclose material information, violating federal securities laws. On February 5, 2026, the company disclosed an error that led to the understatement of purchased transportation costs and accounts payable in the first three quarters of 2025, requiring a restatement of financial statements. This news caused Hub Group shares to fall approximately 18%. Subsequently, on May 12, 2026, the company announced it had identified transactions that were prematurely or incorrectly recognized or not adequately supported, materially misstating its 2023 and 2024 annual reports and indicating a failure to maintain effective disclosure controls and procedures. This news caused Hub Group shares to fall an additional 13%.