Hub (US:HUBG) Globenewswire·2026-02-06 18:17Core Viewpoint - Johnson Fistel, PLLP is investigating Hub Group, Inc. for potential compliance issues with federal securities laws following the disclosure of an accounting error that led to investor losses [1][3][6] Group 1: Investigation Background - On February 5, 2026, Hub Group filed a Current Report on Form 8-K revealing an accounting error that resulted in the understatement of purchased transportation costs and accounts payable for the first three quarters of 2025 [3] - The Audit Committee determined that the previously issued unaudited consolidated financial statements for March 31, June 30, and September 30 of 2025 were materially misstated and should no longer be relied upon [4] - Hub Group plans to restate the affected financial statements and indicated that its disclosure controls and internal control over financial reporting were ineffective for the year ended December 31, 2025 [5] Group 2: Market Reaction - Following the disclosures regarding the accounting error and restatement, Hub Group's stock price declined during trading on February 5, 2026 [6]