Hub (US:HUBG) Globenewswire·2026-02-19 14:09Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Hub Group, Inc. following a significant accounting error that led to a sharp decline in the company's stock price [4][5]. Group 1: Company Overview - Hub Group, Inc. is a logistics company listed on NASDAQ under the ticker HUBG [4]. - The company recently disclosed a $77 million accounting error related to purchased transportation costs and accounts payable, which necessitated a restatement of prior financial results [5]. Group 2: Financial Impact - Following the announcement of the accounting error, Hub Group's shares fell as much as approximately 25% intraday on February 6, 2026 [5]. - The company stated that the accounting error did not impact cash flow, but the market reacted negatively to the news [5]. Group 3: Legal Implications - Faruqi & Faruqi, LLP is encouraging investors who suffered significant losses in Hub Group stock or options to discuss their legal rights [1]. - The law firm has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [4].