Sunday, 17 May 2026 11:00 AM
Class Action
NEW YORK CITY, NY / ACCESS Newswire / May 17, 2026 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hub Group, Inc. ("Hub Group" or "the Company") (NASDAQ:HUBG). Investors who purchased Hub Group securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/HUBG.
Hub Group Investigation Details
On February 5, 2026, Hub Group announced that it would restate its financial statements for the first, second, and third quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable. The Company disclosed that the total reduction to accounts payable and purchased transportation costs related to the identified error was $77 million for the nine months ended September 30, 2025. The Company delayed its full earnings release and said that it was continuing to assess the potential impact on its financial statements for 2023 and 2024, indicating that the scope of the accounting errors may extend beyond 2025. On this news, Hub Group's stock price fell $9.37 per share, or 18.25%, to close at $41.96 per share on February 6, 2026. Then, on May 12, 2026, Hub Group disclosed that the financial information its 2023 and 2024 Annual Reports on Form 10-K contained material misstatements and should not be relied upon. Specifically, Hub Group's Audit Committee "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported." On this news, Hub Group's stock price fell $5.24 per share, or 12.52%, to close at $36.62 per share on May 12, 2026.
What's Next for Hub Group Investors?
If you are aware of any facts relating to this investigation or purchased Hub Group securities, you can assist this investigation by visiting the firm's site: bgandg.com/HUBG. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911
No Cost to Hub Group Investors
We, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Hub Group Securities Investigation?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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SOURCE: Bronstein, Gewirtz & Grossman, LLC