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HUBG Shareholder Alert: Investors May Initiate Class Action

Levi & Korsinsky, LLP is calling on investors who have incurred losses in Hub Group, Inc. (NASDAQ: HUBG) to reach out to their firm. The legal team is poised to assist those affected in pursuing a class action lawsuit. The timeline for interested investors to apply as lead plaintiffs is closing soon, with the deadline set for August 28, 2026.

Who Could Be Affected?

If you purchased HUBG securities between April 28, 2023, and May 11, 2026, you might have the right to recover your losses. In this period, a significant drop in HUBG shares was observed, plummeting approximately 28.6% from $51.33 to $36.62 after corrective disclosures revealed financial inaccuracies.

The latest two disclosures exposed a troubling pattern in financial reporting, indicating misstatements across a multitude of quarters. Joseph E. Levi, Esq. of Levi & Korsinsky underscored the critical nature of timely disclosure in maintaining fair market conditions, questioning why investors were kept in the dark for nearly three years while executives certified falsified reports.

A Closer Look at the Allegations

According to the lawsuit, HUBG's executives repeatedly certified financial statements that failed to accurately represent the company's largest expense categories. From April 2023 to November 2025, the firm reported quarter after quarter that internal controls over financial reporting were effective, despite the underlying realities being starkly different.

Key Dates of Alleged Misrepresentation:

• - April 27, 2023: HUBG's earnings call highlighted $1.2 billion in quarterly revenue, misleadingly portrayed as a peak performance amid allegations that financial figures were manipulated from the outset.
• - May 2025: Management touted a significant drop in costs as a result of operational efficiencies, which has since been challenged by the lawsuit as misleading due to understated expenses.

The disclosures made on February 5, 2026, and May 12, 2026, widened the scope of the investigation, revealing that financial statements from both 2023 and 2024 were also materially misstated. This development caused a secondary decline in stock value of $5.24 following the announcement.

Important Timeline for Investors

Notable Events:

1. Feb 5, 2026: HUBG admitted to a $77 million understatement of costs for the first nine months of 2025. Subsequent to this disclosure, shares dramatically fell from $51.33 to $41.96 in one trading session.
2. May 12, 2026: The company broadened its prior admissions, acknowledging that its financial reports for both 2023 and 2024 were also inaccurate, contributing to a further decline of $5.24 per share.

What Should Investors Do Now?

Investors are encouraged to gather relevant brokerage documentation such as purchase dates, quantities, and prices paid for HUBG shares purchased during the outlined timeline. Levi & Korsinsky offers a free, no-obligation evaluation for interested parties to assess eligibility for class membership.

Even if investors have already sold their shares, they can indeed claim their losses, as eligibility depends on when the shares were purchased, not their current ownership status.

FAQs About the HUBG Lawsuit

• - When was the fraud executed? The suspect activities spanned the class period from April 28, 2023, to May 11, 2026.
• - How much did shares drop? HUBG stock dipped about 28.6%, a notable drop reflecting the discrepancies in financial reporting.
• - What’s the lead plaintiff deadline? Interested investors must apply by August 28, 2026, to be considered for lead plaintiff role.

Conclusion

To protect your rights and explore recovery options, reach out to Joseph E. Levi, Esq. at (212) 363-7500 or via email at [email protected] The firm operates on a contingency basis, meaning no upfront costs are required from investors wishing to take part in the class action.