Schall Brown & Schwartz seeks Hub Group investors for securities fraud case
Schall Brown & Schwartz LLP is seeking Hub Group investors to join or lead a proposed securities fraud class action tied to alleged misstatements.
Schall Brown & Schwartz LLP says it is seeking investors in Hub Group, Inc. securities to join or lead a proposed securities fraud class action tied to alleged misstatements during a class period from April 28, 2023, to May 11, 2026.
The notice says investors who bought Hub Group shares during that period may be able to seek compensation if the case moves forward. It also says lead plaintiff status is a representative role and is not required to participate in any recovery.
In an investor alert published by PR Newswire on Aug. 6, 2026, Schall Brown & Schwartz said the complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The release names Hub Group, Inc. as the target of the suit and says investors may contact the firm without out-of-pocket fees or costs.
According to the notice, the complaint claims Hub Group made false and misleading statements to the market. The release says the alleged misstatements appeared in financial statements from the first quarter of 2023 through the fourth quarter of 2024, including annual reports for 2023 and 2024, and involved operating revenue, operating income, and revenue recognition.
The alert also says the company’s financial statements from the first quarter of 2025 through the third quarter of 2025 included alleged misstatements tied to understated purchased transportation costs and other errors. The release says those statements were false and materially misleading throughout the class period and that investors suffered damages when the market learned the truth.
The class has not yet been certified, the release says, and investors are not represented by an attorney until certification occurs. The notice says those who take no action may remain absent class members.
The investor alert provides contact information for Brian Schall and David Schwartz of Schall Brown & Schwartz LLP in Los Angeles, including a phone number and website. The release says investors who purchased Hub Group securities during the stated class period may contact the firm to check whether they are eligible to recover losses or serve as lead plaintiff.
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