SBS alerts Hub Group investors to securities class action
Schall Brown & Schwartz LLP said investors who bought Hub Group securities during a listed class period may be eligible to join a securities class action.
Schall Brown & Schwartz LLP said investors who bought Hub Group securities during a listed class period may be eligible to join a securities class action.
Schall Brown & Schwartz LLP said on Aug. 21, 2026, that it is reminding investors about a securities class action against Hub Group, Inc., the trucking and logistics company traded on Nasdaq under the ticker HUBG. The release says the case alleges violations of Section 10(b), Section 20(a) and Rule 10b-5 under the Securities Exchange Act of 1934.
The alert identifies a proposed class period of April 28, 2023, through May 11, 2026, and says investors who bought Hub Group securities in that window may seek compensation without out-of-pocket fees or costs. The release also says a lead plaintiff is not required to recover in the class action.
According to the release, the complaint alleges that Hub Group made false and misleading statements to the market. It says the alleged issues included material misstatements in financial statements from the first quarter of 2023 through the fourth quarter of 2024, as well as in annual reports for 2023 and 2024.
The alert says those alleged misstatements involved operating revenue, operating income and revenue recognition. It also says financial statements from the first quarter of 2025 through the third quarter of 2025 contained misstatements about purchased transportation costs.
The release says investors suffered damages when the market learned the truth. It also says the case has not yet been certified.
Schall Brown & Schwartz identified Brian Schall and David Schwartz as contacts for the matter and listed its Los Angeles office, website, phone number and email in the release.
The firm asked investors to contact it by Aug. 28, 2026.
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