Block & Leviton Investigates Hub Group for Potential Securities Law Violations

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Block & Leviton, a leading securities class action firm, is investigating Hub Group, Inc. (Nasdaq: HUBG) for potential securities law violations. The investigation comes after Hub Group identified an accounting error related to the recording of purchased transportation costs, which resulted in an understatement of accounts payable of approximately $77 million. The company stated that the error impacts previously issued financial statements and that it will delay the filing of its Form 10-K while it completes a restatement.

Why it matters

This investigation highlights the importance of accurate financial reporting and the potential consequences for companies that fail to meet their obligations. Investors who have lost money due to the accounting error may be able to recover their losses through legal action.

The details

Block & Leviton is investigating whether Hub Group committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money. The firm is encouraging anyone who has lost money on their Hub Group investment to contact them to learn more about their options.

• On February 5, 2026, shares of Hub Group fell more than 20% in intraday trading after the company identified the accounting error.
• Hub Group stated that the error impacts previously issued financial statements and that it will delay the filing of its Form 10-K while it completes a restatement.

What’s next

Block & Leviton is investigating whether the company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.