{"id":985381,"date":"2026-07-28T06:39:17","date_gmt":"2026-07-28T10:39:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\/"},"modified":"2026-07-28T06:39:17","modified_gmt":"2026-07-28T10:39:17","slug":"hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\/","title":{"rendered":"HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law&#8217;s Filed Securities Fraud Class Action to Recover Losses"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>BFA Law has filed a securities <span>fraud<\/span> class action lawsuit on behalf of Hub Group investors after its stock plummeted 18% after it announced its financial statements were materially misstated and should no longer be relied upon.<\/p>\n<p>\n        <span class=\"legendSpanClass\">NEW YORK<\/span>, <span class=\"legendSpanClass\">July 28, 2026<\/span> \/PRNewswire\/ &#8212; Leading securities law firm <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=3039335540&amp;u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit&amp;a=Bleichmar+Fonti+%26+Auld+LLP\" target=\"_blank\" rel=\"nofollow\"><b>Bleichmar Fonti &amp; Auld LLP<\/b><\/a>\u00a0announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company&#8217;s senior executives for securities <span>fraud<\/span> after its significant stock drop resulting from potential violations of the federal securities laws.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <img decoding=\"async\" src=\"https:\/\/mmx.prnewswire.com\/media\/MS1804470\/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA2796625\" title=\"BFA Law Firm\" alt=\"BFA Law Firm\" \/>\n        <\/p>\n<\/p><\/div>\n<p>If you invested in Hub Group, you are encouraged to obtain additional information by visiting: <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=4081999707&amp;u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit&amp;a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit\" target=\"_blank\" rel=\"nofollow\"><b>https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit<\/b><\/a>.<\/p>\n<p>\n        <b>Key Details of the HUBG ($HUBG) Class Action:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Lead Plaintiff Deadline: <\/b>August 28, 2026<\/li>\n<li>\n          <b><br \/>\n            <span>Alleged<\/span> Misconduct: <\/b>Securities <span>fraud<\/span> relating to Hub Group&#8217;s financial results, revenue recognition, accounting of costs, internal controls, and prospects for\/drivers of growth<\/li>\n<li>\n          <b>Largest Stock Drop: <\/b>February 6, 2026 \u2013 18% Stock Drop<\/li>\n<li>\n          <b>Court: <\/b>U.S. District Court for the Northern District of Illinois<\/li>\n<li>\n          <b>Filing Law Firm:<\/b>\u00a0Bleichmar Fonti &amp; Auld (&#8220;BFA Law&#8221;)<\/li>\n<li>\n          <b>Action: <\/b>Contact <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=1943142678&amp;u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit&amp;a=BFA+Law\" target=\"_blank\" rel=\"nofollow\">BFA Law<\/a>\u00a0to discuss your rights<\/li>\n<\/ul>\n<p>Investors have until August 28, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities <span>fraud<\/span> claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub Group securities. The class action is pending in the U.S. District Court for the Northern District of Illinois. It is captioned\u00a0<i>Lawler v. Hub Group, Inc.<\/i>, No. 1:26-cv-07596.<\/p>\n<p>\n        <b>Why is Hub Group Being Sued for Securities <span>Fraud<\/span>? <\/b>\n      <\/p>\n<p>Hub Group is a transportation and logistics freight carrier that provides trucking and related services to operators across the supply chain. Hub Group services a customer base extending across various industries, including retail, consumer products, automotive, and durable goods, and reports to be one of the largest freight transportation providers in North America.\u00a0<\/p>\n<p>The complaint <span>alleges<\/span> that throughout the Class Period, Defendants made materially false and misleading statements concerning the premature and incorrect revenue recognition of certain transactions, the understatement of purchased transportation costs and accounts payable, the effectiveness of internal controls, and the Hub Group&#8217;s drivers of financial results and growth.<\/p>\n<p>\n        <b>Why did Hub Group&#8217;s Stock Drop?<\/b><\/p>\n<p>On February 5, 2026, Hub Group announced that the Company&#8217;s financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to &#8220;an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.&#8221; Hub Group revealed that its reports for those quarters &#8220;were in each case materially misstated due to the aforementioned error and should no longer be relied upon&#8221; and that &#8220;the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps.&#8221;\u00a0\u00a0Hub Group also estimated that &#8220;[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.&#8221;\u00a0\u00a0<\/p>\n<p>This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.<\/p>\n<p>On May 12, 2026, Hub Group announced that it had &#8220;identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,&#8221; causing its 2023 and 2024 annual reports filed with the SEC to be &#8220;materially misstated,&#8221; such that they &#8220;should no longer be relied upon.&#8221;\u00a0\u00a0Hub Group did not quantify the expected misstatement, although it &#8220;expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.&#8221;<\/p>\n<p>This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.<\/p>\n<p>\n        <b>Click here for more information:<\/b>\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=4081999707&amp;u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit&amp;a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit\" target=\"_blank\" rel=\"nofollow\"><b>https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit<\/b><\/a><b>.<\/b><\/p>\n<p>\n        <b>What Can You Do?<\/b>\n      <\/p>\n<p>If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.<\/p>\n<p>All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.<\/p>\n<p>\n        <b>Submit your information by visiting:<\/b>\n      <\/p>\n<p class=\"prntac\">\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=4081999707&amp;u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit&amp;a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit\" target=\"_blank\" rel=\"nofollow\"><br \/>\n          <b>https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit<\/b><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <b>Why Bleichmar Fonti &amp; Auld LLP?<\/b>\n      <\/p>\n<p>BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by <i>Chambers USA<\/i>, <i>The Legal 500<\/i>, and <i>ISS SCAS<\/i>, and its attorneys have been named &#8220;Elite Trial Lawyers&#8221; by the <i>National Law Journal<\/i>, &#8220;Litigation Stars&#8221; by <i>Benchmark Litigation<\/i>, among the top &#8220;500 Leading Plaintiff Financial Lawyers&#8221; by <i>Lawdragon<\/i>, &#8220;Titans of the Plaintiffs&#8217; Bar&#8221; by <i>Law360<\/i>\u00a0and &#8220;SuperLawyers&#8221; by Thomson Reuters.<\/p>\n<p>Most recently, <i>The Legal 500 <\/i>awarded BFA the most client satisfaction accolades of any plaintiff&#8217;s securities litigation law firm, with clients noting: &#8220;[t]here is no better service provider in the practice area,&#8221; &#8220;[t]he interest of the client is always front and center,&#8221; and &#8220;[t]here isn&#8217;t a better firm in this space.&#8221;\u00a0 One testimonial described the firm as &#8220;nimble and entrepreneurial,&#8221; with a &#8220;relentless focus on adding value for clients.&#8221;\u00a0\u00a0<\/p>\n<p>Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.&#8217;s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.<\/p>\n<p>For more information about BFA and its attorneys, please visit <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=3092625794&amp;u=https%3A%2F%2Fwww.bfalaw.com%2F&amp;a=https%3A%2F%2Fwww.bfalaw.com\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.bfalaw.com<\/a>.<\/p>\n<p class=\"prntac\">\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4740012-1&amp;h=4081999707&amp;u=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit&amp;a=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fhub-group-class-action-lawsuit\" target=\"_blank\" rel=\"nofollow\"><br \/>\n          <b>https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit<\/b><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <i>Attorney advertising. Past results do not guarantee future outcomes.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY13300&amp;sd=2026-07-28\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses-302835953.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses-302835953.html<\/a><\/p>\n<p>SOURCE Bleichmar Fonti &amp; Auld LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY13300&amp;Transmission_Id=202607280636PR_NEWS_USPR_____NY13300&amp;DateId=20260728\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BFA Law has filed a securities fraud class action lawsuit on behalf of Hub Group investors after its stock plummeted 18% after it announced its financial statements were materially misstated and should no longer be relied upon. NEW YORK, July 28, 2026 \/PRNewswire\/ &#8212; Leading securities law firm Bleichmar Fonti &amp; Auld LLP\u00a0announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company&#8217;s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit. Key Details of the HUBG ($HUBG) Class Action: Lead Plaintiff Deadline: August &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law&#8217;s Filed Securities Fraud Class Action to Recover Losses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-985381","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law&#039;s Filed Securities Fraud Class Action to Recover Losses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law&#039;s Filed Securities Fraud Class Action to Recover Losses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BFA Law has filed a securities fraud class action lawsuit on behalf of Hub Group investors after its stock plummeted 18% after it announced its financial statements were materially misstated and should no longer be relied upon. NEW YORK, July 28, 2026 \/PRNewswire\/ &#8212; Leading securities law firm Bleichmar Fonti &amp; Auld LLP\u00a0announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company&#8217;s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit. Key Details of the HUBG ($HUBG) Class Action: Lead Plaintiff Deadline: August &hellip; Continue reading &quot;HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law&#8217;s Filed Securities Fraud Class Action to Recover Losses&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-28T10:39:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mmx.prnewswire.com\/media\/MS1804470\/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA2796625\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law&#8217;s Filed Securities Fraud Class Action to Recover Losses\",\"datePublished\":\"2026-07-28T10:39:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\\\/\"},\"wordCount\":967,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmx.prnewswire.com\\\/media\\\/MS1804470\\\/Bleichmar-Fonti-Auld-LLP-Logo.jpg?id=OA2796625\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hubg-class-reminder-hub-group-investors-are-reminded-of-the-upcoming-august-28-deadline-in-bfa-laws-filed-securities-fraud-class-action-to-recover-losses\\\/\",\"name\":\"HUBG Class Reminder: Hub Group Investors are Reminded of the Upcoming August 28 Deadline in BFA Law's Filed Securities Fraud Class Action to Recover Losses - 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NEW YORK, July 28, 2026 \/PRNewswire\/ &#8212; Leading securities law firm Bleichmar Fonti &amp; Auld LLP\u00a0announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company&#8217;s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https:\/\/www.bfalaw.com\/cases\/hub-group-class-action-lawsuit. 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