{"success":true,"data":{"pressRelease":{"id":"124843","rtpr_id":"nGNX57J406","ticker":"HUBG","exchange":"NASDAQ","all_tickers":["HUBG"],"title":"HUBG Deadline Approaching: BFA Law Notifies Hub Group Investors Who Suffered Losses of Ongoing Securities Fraud Class Action and Upcoming August 28 Deadline","author":"Globe Newswire","published_at":"2026-08-21T10:36:00.302Z","article_body":"NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=2v6QsywXQlEazHfFpYAIFzWSQdUDsf9lkk1j2qRuxaOkfIXSYsOPCjWSGx5zl5zt0tai7XUSosaB1qLHOP12UNdCxwxR1cTXB9kxSOdY2QvhlegopwcbV1q9WUMdV7KXUDenP1S4p7VOkLcjoowFkb0mQ4jJwYxuqL6pw1BdXbA=)\nannounces that a class action lawsuit has been filed against Hub Group Inc.\n(NASDAQ:HUBG) and certain of the Company’s senior executives for securities\nfraud after its significant stock drop resulting from potential violations of\nthe federal securities laws.\n\nIf you invested in Hub Group, you are encouraged to obtain additional\ninformation by visiting:\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit.\n\nKey Details of the HUBG ($HUBG) Class Action:\n* Lead Plaintiff Deadline: August 28, 2026\n* Alleged Misconduct: Securities fraud relating to Hub Group’s financial\nresults, revenue recognition, accounting of costs, internal controls, and\nprospects for/drivers of growth\n* Largest Stock Drop: February 6, 2026 – 18% Stock Drop\n* Court: U.S. District Court for the Northern District of Illinois\n* Filing Law Firm: Bleichmar Fonti & Auld (“BFA Law”)\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/hub-group-class-action-lawsuit) to discuss your\nrights\nInvestors have until August 28, 2026, to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub\nGroup securities. The class action is pending in the U.S. District Court for\nthe Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc.,\nNo. 1:26-cv-07596.\n\nWhy is Hub Group Being Sued for Securities Fraud?\n\nHub Group is a transportation and logistics freight carrier that provides\ntrucking and related services to operators across the supply chain. Hub Group\nservices a customer base extending across various industries, including\nretail, consumer products, automotive, and durable goods, and reports to be\none of the largest freight transportation providers in North America. \n\nThe complaint alleges that throughout the Class Period, Defendants made\nmaterially false and misleading statements concerning the premature and\nincorrect revenue recognition of certain transactions, the understatement of\npurchased transportation costs and accounts payable, the effectiveness of\ninternal controls, and the Hub Group’s drivers of financial results and\ngrowth.\n\nWhy did Hub Group’s Stock Drop?\n\nOn February 5, 2026, Hub Group announced that the Company’s financial\nstatements for the first three quarters of 2025 should not be relied upon and\nwould be restated due to “an error that resulted in the understatement of\npurchased transportation costs and accounts payable in the first nine months\nof 2025.” Hub Group revealed that its reports for those quarters “were in\neach case materially misstated due to the aforementioned error and should no\nlonger be relied upon” and that “the Company [wa]s also continuing to\nassess the effectiveness of its disclosure controls and procedures and\ninternal control over financial reporting and appropriate remediation\nsteps.” Hub Group also estimated that “[t]he total amount of the reduction\nto accounts payable and purchased transportation costs related to this issue\nthat was recorded during these periods is $77 million.”\n\nThis news caused the price of Hub Group stock to decline roughly 18%, from\n$51.33 per share at close on February 5, 2026, to $41.96 per share at close on\nFebruary 6, 2026.\n\nOn May 12, 2026, Hub Group announced that it had “identified certain\ntransactions that were prematurely or incorrectly recognized or not adequately\nsupported,” causing its 2023 and 2024 annual reports filed with the SEC to\nbe “materially misstated,” such that they “should no longer be relied\nupon.” Hub Group did not quantify the expected misstatement, although it\n“expect[ed] to conclude that it did not maintain effective disclosure\ncontrols and procedures and internal control over financial reporting for each\nof the years ended December 31, 2024 and 2023.”\n\nThis news caused the price of Hub Group stock to decline a further 13%, from\n$41.86 per share at close on May 11, 2026, to $36.62 per share at close on May\n12, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Hub Group, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit\n\nOr contact:\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff’s securities litigation law firm, with clients\nnoting: “[t]here is no better service provider in the practice area,”\n“[t]he interest of the client is always front and center,” and “[t]here\nisn’t a better firm in this space.” One testimonial described the firm as\n“nimble and entrepreneurial,” with a “relentless focus on adding value\nfor clients.” \n\nAmong its recent notable successes, BFA recovered over $900 million in value\nfrom Tesla, Inc.’s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX57J406","title":"HUBG Deadline Approaching: BFA Law Notifies Hub Group Investors Who Suffered Losses of Ongoing Securities Fraud Class Action and Upcoming August 28 Deadline","author":"Globe Newswire","ticker":"HUBG","created":"2026-08-21T10:36:00.302Z","tickers":["HUBG"],"exchange":"NASDAQ","article_body":"NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=2v6QsywXQlEazHfFpYAIFzWSQdUDsf9lkk1j2qRuxaOkfIXSYsOPCjWSGx5zl5zt0tai7XUSosaB1qLHOP12UNdCxwxR1cTXB9kxSOdY2QvhlegopwcbV1q9WUMdV7KXUDenP1S4p7VOkLcjoowFkb0mQ4jJwYxuqL6pw1BdXbA=)\nannounces that a class action lawsuit has been filed against Hub Group Inc.\n(NASDAQ:HUBG) and certain of the Company’s senior executives for securities\nfraud after its significant stock drop resulting from potential violations of\nthe federal securities laws.\n\nIf you invested in Hub Group, you are encouraged to obtain additional\ninformation by visiting:\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit.\n\nKey Details of the HUBG ($HUBG) Class Action:\n* Lead Plaintiff Deadline: August 28, 2026\n* Alleged Misconduct: Securities fraud relating to Hub Group’s financial\nresults, revenue recognition, accounting of costs, internal controls, and\nprospects for/drivers of growth\n* Largest Stock Drop: February 6, 2026 – 18% Stock Drop\n* Court: U.S. District Court for the Northern District of Illinois\n* Filing Law Firm: Bleichmar Fonti & Auld (“BFA Law”)\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/hub-group-class-action-lawsuit) to discuss your\nrights\nInvestors have until August 28, 2026, to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub\nGroup securities. The class action is pending in the U.S. District Court for\nthe Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc.,\nNo. 1:26-cv-07596.\n\nWhy is Hub Group Being Sued for Securities Fraud?\n\nHub Group is a transportation and logistics freight carrier that provides\ntrucking and related services to operators across the supply chain. Hub Group\nservices a customer base extending across various industries, including\nretail, consumer products, automotive, and durable goods, and reports to be\none of the largest freight transportation providers in North America. \n\nThe complaint alleges that throughout the Class Period, Defendants made\nmaterially false and misleading statements concerning the premature and\nincorrect revenue recognition of certain transactions, the understatement of\npurchased transportation costs and accounts payable, the effectiveness of\ninternal controls, and the Hub Group’s drivers of financial results and\ngrowth.\n\nWhy did Hub Group’s Stock Drop?\n\nOn February 5, 2026, Hub Group announced that the Company’s financial\nstatements for the first three quarters of 2025 should not be relied upon and\nwould be restated due to “an error that resulted in the understatement of\npurchased transportation costs and accounts payable in the first nine months\nof 2025.” Hub Group revealed that its reports for those quarters “were in\neach case materially misstated due to the aforementioned error and should no\nlonger be relied upon” and that “the Company [wa]s also continuing to\nassess the effectiveness of its disclosure controls and procedures and\ninternal control over financial reporting and appropriate remediation\nsteps.” Hub Group also estimated that “[t]he total amount of the reduction\nto accounts payable and purchased transportation costs related to this issue\nthat was recorded during these periods is $77 million.”\n\nThis news caused the price of Hub Group stock to decline roughly 18%, from\n$51.33 per share at close on February 5, 2026, to $41.96 per share at close on\nFebruary 6, 2026.\n\nOn May 12, 2026, Hub Group announced that it had “identified certain\ntransactions that were prematurely or incorrectly recognized or not adequately\nsupported,” causing its 2023 and 2024 annual reports filed with the SEC to\nbe “materially misstated,” such that they “should no longer be relied\nupon.” Hub Group did not quantify the expected misstatement, although it\n“expect[ed] to conclude that it did not maintain effective disclosure\ncontrols and procedures and internal control over financial reporting for each\nof the years ended December 31, 2024 and 2023.”\n\nThis news caused the price of Hub Group stock to decline a further 13%, from\n$41.86 per share at close on May 11, 2026, to $36.62 per share at close on May\n12, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Hub Group, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit\n\nOr contact:\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff’s securities litigation law firm, with clients\nnoting: “[t]here is no better service provider in the practice area,”\n“[t]he interest of the client is always front and center,” and “[t]here\nisn’t a better firm in this space.” One testimonial described the firm as\n“nimble and entrepreneurial,” with a “relentless focus on adding value\nfor clients.” \n\nAmong its recent notable successes, BFA recovered over $900 million in value\nfrom Tesla, Inc.’s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/hub-group-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-21T10:36:00.352199682Z","server_sent_at_ms":1787308560352},"received_at":"2026-08-21T10:36:00.418Z","source_url":null},"analysis":{"id":"113808","press_release_id":"124843","analysis_json":{"industry":{"label":"Air Freight & Logistics","sector":"Industrials"},"redFlags":[],"eventType":"legal_litigation","narrative":"Bleichmar Fonti & Auld LLP issued a shareholder-solicitation notice regarding Hub Group, reminding investors of the August 28 lead plaintiff deadline.\n\nThe lawsuit alleges securities fraud related to a $77 million understatement of purchased transportation costs and premature revenue recognition.\n\nThis is a law-firm marketing solicitation and does not represent a new disclosure from Hub Group or a court ruling.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"","namedEntities":{"people":[{"name":"Adam McCall"}],"products":[],"companies":[{"name":"Hub Group Inc.","ticker":"HUBG"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Tesla, Inc."},{"name":"Teva Pharmaceutical Ind. 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Boilerplate lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"HUBG"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Bleichmar Fonti & Auld LLP issued a shareholder-solicitation notice regarding Hub Group, reminding investors of the August 28 lead plaintiff deadline.\n\nThe lawsuit alleges securities fraud related to a $77 million understatement of purchased transportation costs and premature revenue recognition.\n\nThis is a law-firm marketing solicitation and does not represent a new disclosure from Hub Group or a court ruling.","key_figures":{},"named_entities":{"people":[{"name":"Adam McCall"}],"products":[],"companies":[{"name":"Hub Group Inc.","ticker":"HUBG"},{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Tesla, Inc."},{"name":"Teva Pharmaceutical Ind. Ltd."}],"dollarAmounts":[{"amount":"$77 million","context":"reduction to accounts payable and purchased transportation costs related to accounting error"},{"amount":"$900 million","context":"value recovered by BFA Law from Tesla, Inc.'s Board of Directors"},{"amount":"$420 million","context":"value recovered by BFA Law from Teva Pharmaceutical Ind. Ltd."},{"amount":"$51.33","context":"Hub Group closing price on February 5, 2026"},{"amount":"$41.96","context":"Hub Group closing price on February 6, 2026"},{"amount":"$41.86","context":"Hub Group closing price on May 11, 2026"},{"amount":"$36.62","context":"Hub Group closing price on May 12, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-21T10:39:48.891Z","global_importance":15,"audience_relevance":15,"importance_components":{"eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":121238,"modelName":"glm-4.7"}}