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HUBG SECURITIES NOTICE: Did Hub Group Inc. Mislead Investors about its Accounting? Contact BFA Law about its Pending Securities Investigation
Globenewswire· 2026-02-09 11:36
Core Viewpoint - Hub Group Inc. is under investigation for potential violations of federal securities laws related to misrepresentation of financial data, specifically concerning purchased transportation costs and accounts payable for the first nine months of 2025 [1][2]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Hub Group for possible misrepresentation of financial information [1]. - The investigation focuses on whether Hub Group inaccurately reported its transportation costs and accounts payable [2]. Group 2: Stock Performance - Hub Group announced a delay in releasing its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 due to an error in reporting purchased transportation costs and accounts payable [3]. - Following this announcement, Hub Group's stock price fell over 24% during trading on February 6, 2026 [4].
FRAUD ALERT: Hub Group Inc. ($HUBG) Hit with Securities Fraud Investigations After Financial Restatements Lead to 24% Stock Drop, Contact BFA Law
TMX Newsfile· 2026-02-08 11:46
Core Viewpoint - Hub Group Inc. is under investigation for potential violations of federal securities laws, specifically regarding misrepresentation of transportation costs and accounts payable for the first nine months of 2025 [2][3]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Hub Group for possible misrepresentation of its financial data [2]. - The investigation focuses on whether Hub Group inaccurately reported its purchased transportation costs and accounts payable [2]. Group 2: Stock Performance - Hub Group announced a delay in the release of its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 due to an error that understated costs [3]. - Following this announcement, Hub Group's stock price dropped over 24% during trading on February 6, 2026 [4].
HUBG SHAREHOLDER INVESTIGATION NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Hub Group
Businesswire· 2026-02-07 17:06
Core Viewpoint - Hub Group, Inc. is under investigation by Faruqi & Faruqi, LLP for potential claims related to its stock performance, particularly following a significant drop in share prices on February 6, 2026 [1] Company Summary - Hub Group, Inc. is a publicly traded company listed on NASDAQ under the ticker HUBG [1] - The company experienced a sharp decline in its share prices, indicating potential issues that may affect investor confidence [1] Legal Investigation - Faruqi & Faruqi, LLP, a prominent national securities law firm, is leading the investigation into Hub Group [1] - The firm has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [1]
Hub Group Inc. (NASDAQ: HUBG) Stock Drop Triggers Securities Fraud Investigation -- Investors with Losses Notified to Contact BFA Law
Globenewswire· 2026-02-07 12:08
Core Viewpoint - Hub Group Inc. is under investigation for potential violations of federal securities laws, specifically regarding misrepresentation of transportation costs and accounts payable for the first nine months of 2025 [1][2]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Hub Group for possible misrepresentation of financial data [1][2]. - The investigation focuses on whether Hub Group inaccurately reported its purchased transportation costs and accounts payable [2]. Group 2: Stock Performance - Hub Group announced a delay in releasing its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 due to an error in reporting transportation costs and accounts payable [3]. - Following this announcement, Hub Group's stock price dropped over 24% during trading on February 6, 2026 [4].
Wolf Popper LLP Announces Investigation on Behalf of Hub Group, Inc. Investors
Globenewswire· 2026-02-07 01:12
Core Viewpoint - Hub Group, Inc. is facing scrutiny due to a restatement of its financial statements for the first three quarters of 2025, which has led to a significant drop in its stock price following the announcement of the issue [2]. Financial Performance - In 2025, Hub Group reported revenues of $3.7 billion [1]. - The company announced preliminary fourth quarter and full year results after the market closed on February 5, 2026 [2]. Financial Restatement - Hub Group disclosed that it would restate its financial statements for the first three quarters of 2025 due to an error that resulted in the understatement of purchased transportation costs and accounts payable [2]. - The total amount of the reduction to accounts payable and purchased transportation costs related to this issue is $77 million [2]. Stock Market Reaction - Following the announcement of the financial restatement, Hub Group's stock price fell by $9.37 per share, closing at $41.96 on February 6, 2026, which represents an 18.3% decline on heavy trading volume [2].
Lost Money in Hub Group (NASDAQ: HUBG)? Investors Urged to Contact Award-Winning Firm, Gibbs Mura
Businesswire· 2026-02-06 22:52
Core Viewpoint - Hub Group, Inc. announced a significant accounting error leading to a 20% drop in its share price, with potential implications for its financial statements and investor trust [1][3]. Financial Impact - The accounting error resulted in a $77 million understatement of purchased transportation costs and accounts payable for the first three quarters of 2025 [2]. - Hub Group plans to restate its financial statements for the first three quarters of 2025 and is assessing the impact on its consolidated financial statements for the years ended December 31, 2024, and 2023 [3]. Market Reaction - Following the announcement of the accounting error, Hub Group's shares fell over 20% on February 5, 2026, and continued to decline the next day, indicating significant investor concern [1][3].
Hub Group, Inc. (HUBG) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Businesswire· 2026-02-06 21:56
Core Viewpoint - An investigation has been announced regarding Hub Group, Inc. for potential violations of federal securities laws, which may affect investors who have suffered losses [1]. Company Summary - Hub Group, Inc. (NASDAQ: HUBG) is currently under scrutiny for possible legal issues related to securities laws [1]. - Investors who have experienced financial losses in Hub Group, Inc. are encouraged to contact legal representatives to explore options for recovering their losses [1].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Hub Group
Globenewswire· 2026-02-06 21:35
Core Viewpoint - Hub Group, Inc. experienced a significant decline in stock value due to a $77 million accounting error related to purchased transportation costs and accounts payable, leading to a restatement of prior financial results [5]. Group 1: Company Overview - Hub Group, Inc. is a logistics company listed on NASDAQ under the ticker HUBG [4]. - The company disclosed a substantial accounting error on February 6, 2026, which did not impact cash flow but affected investor confidence [5]. Group 2: Financial Impact - The accounting error resulted in Hub Group's stock price dropping approximately 25% intraday following the announcement [5]. - The company is in the process of releasing preliminary fourth-quarter and full-year 2025 results, alongside a delay in filing updated financial statements [5]. Group 3: Legal Implications - Faruqi & Faruqi, LLP is investigating potential claims against Hub Group for investors who suffered significant losses due to the stock decline [4][5].
Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation into Hub Group, Inc. (HUBG)
TMX Newsfile· 2026-02-06 21:01
Core Viewpoint - Hub Group, Inc. is under investigation for potentially issuing misleading statements and failing to disclose material information, which may have violated federal securities laws [1]. Group 1: Company Overview - Hub Group is a transportation and logistics management company [2]. Group 2: Financial Results and Stock Performance - On February 5, 2026, Hub Group announced a delay in the release of its fourth quarter and full year 2025 financial results, along with a restatement of its financial statements for the first three quarters of 2025 [2]. - Following this announcement, Hub Group's stock price experienced a significant drop, falling as much as 27% during trading on February 6, 2026 [2]. Group 3: Legal Investigation - Scott+Scott Attorneys at Law LLP is investigating the impact of the stock drop on investors, indicating potential significant losses for those holding Hub Group common stock [5]. - The investigation aims to determine if there are potential claims against Hub Group for the financial losses incurred by investors [5].
Hub Group (HUBG) Shares Crater Amid Admitted Improper Accounting – Hagens Berman
Globenewswire· 2026-02-06 20:19
Core Viewpoint - Hub Group, Inc. experienced a significant drop in share price by over 27% following a report indicating that its quarterly financial statements from March 31, 2025, should no longer be relied upon, raising concerns about potential misrepresentation of financial data [1][4]. Financial Reporting Issues - Hub Group filed a report with the SEC on February 5, 2026, stating that it understated "purchased transportation costs and accounts payable in the first nine months of 2025," affecting quarterly reports for March 31, June 30, and September 30, 2025 [3]. - The company anticipates concluding that it did not maintain effective disclosure controls and procedures for the year ended December 31, 2025, and is assessing the potential impact on consolidated financial statements for the years ended December 31, 2024, and 2023 [4]. Market Reaction - Following the announcement, Hub Group's share price fell by as much as $14.16, resulting in a loss of over $800 million in market capitalization within a single trading day [4]. Legal Investigation - Hagens Berman, a national shareholder rights law firm, has initiated an investigation into whether Hub Group intentionally misled investors regarding its financial statements and internal controls [1][5]. - The firm is particularly focused on whether expenses were understated and if fiscal years 2023 and 2024 may also be affected [5].