Lawsuit Alert: Investors who lost money with Hub Group, Inc. (NASDAQ: HUBG) should contact the Shareholders Foundation

An investor, who purchased shares of Hub Group, Inc. (NASDAQ: HUBG), filed a lawsuit over alleged violations of Federal Securities Laws by Hub Group, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Hub Group, Inc. (NASDAQ: HUBG) have certain options and for certain investors are short and strict deadlines running. Deadline: August 28, 2026. NASDAQ: HUBG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Oak Brook, IL based Hub Group, Inc., a supply chain solutions provider, offers transportation and logistics management services in North America. Hub Group, Inc. (NASDAQ: HUBG) reported that its Total Revenue declined from $4.2 billion in 2023 to $3.95 billion in 2024, and that its Net Income fell from $167.53 million in 2023 to $104.04 million in 2024.

On February 5, 2026, Hub Group, Inc. allegedly announced "that it will 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 in the first nine months of 2025." Hub Group allegedly further announced that its reports for those quarters "were in each case materially misstated due to the aforementioned error and should no longer be relied upon" and that the "total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million."

Then on May 12, 2026, Hub Group, Inc. announced that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," rendering its 2023 and 2024 financial reports to be materially misstated such that they "should no longer be relied upon." Hub Group allegedly further announced that it expected "to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023."

Shares of Hub Group, Inc. (NASDAQ: HUBG) declined from $53.26 per share on February 05, 2026, to as $35.47 per share on May 12, 2026.

The plaintiff claims that between April 28, 2023 and May 11, 2026, the defendants made false and/or misleading statements and/or failed to disclose that Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements caused by the premature and incorrect recognition of certain transactions concerning, among other things, Hub Group's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth, and that Hub Group's financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements caused by the understatement of purchased transportation costs and accounts payable concerning, among other things, Hub Group's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth.

Those who purchased shares of Hub Group, Inc. (NASDAQ: HUBG) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.