Hub (US:HUBG) Prnewswire·2026-02-12 21:58Core Viewpoint - Hub Group, Inc. (HUBG) experienced a significant share price decline of over 27% following the announcement of improper accounting practices, leading to an investigation into potential misleading statements made to investors [1] Financial Reporting Issues - Hub Group filed a report with the SEC indicating that its quarterly reports from March 31, 2025, should no longer be relied upon due to understated "purchased transportation costs and accounts payable" for the first nine months of 2025 [1] - The specific quarterly reports affected include those for the periods ending March 31, June 30, and September 30, 2025 [1] 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 in a single day [1] Investigation Details - Hagens Berman, a national shareholder rights law firm, has initiated an investigation to determine if Hub Group intentionally misled investors regarding its financial statements and internal controls [1] - The firm is assessing whether fiscal years 2023 and 2024 may also be impacted by the accounting issues [1]