Hub (US:HUBG) Globenewswire·2026-02-12 01:00Core Viewpoint - Hub Group, Inc. is under investigation for potential violations of federal securities laws following the disclosure of an error that led to the understatement of transportation costs and accounts payable in its financial statements for the first nine months of 2025 [3][4]. Group 1: Company Disclosure - On January 5, 2026, Hub Group announced it had identified an error affecting its financial statements, specifically regarding purchased transportation costs and accounts payable [3]. - The company stated that the financial statements for the first three quarters of 2025 should no longer be relied upon due to this error [3]. - On February 5, 2026, Hub Group announced a delay in the release of its fourth quarter and full year 2025 financial results and confirmed that it would restate its financial statements for the first three quarters of 2025 [4]. Group 2: Market Reaction - Following the announcement on February 5, 2026, Hub Group's share price fell by $9.37, approximately 18.3%, from $51.33 to $41.96 per share [4]. Group 3: Legal Investigation - Kirby McInerney LLP is conducting an investigation on behalf of Hub Group investors to determine if claims can be made under federal securities laws [5]. - As of now, no lawsuit has been filed, and the investigation is ongoing [5].