Hub (US:HUBG) Prnewswire·2026-02-20 01:06Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Hub Group, Inc. following the announcement of a financial restatement due to accounting errors [1] Financial Impact - Hub Group announced it would restate its financial statements for the first three quarters of 2025, resulting in a total reduction of $77 million in accounts payable and purchased transportation costs [1] - The company has delayed its full earnings release and is assessing the potential impact on its financial statements for 2023 and 2024, suggesting that the accounting errors may extend beyond 2025 [1] Stock Market Reaction - Following the announcement of the financial restatement, Hub Group's stock price fell by $9.37 per share, or 18.25%, closing at $41.96 per share on February 6, 2026 [1]