Hagens Berman alerts investors in Hub Group, Inc. (NASDAQ: HUBG) that the company has received a Nasdaq non-compliance notice for failing to timely file its Form 10-Q for the period ended June 30, 2026. This disclosure arrives amid a pending securities class action.

Submit Your HUBG Losses to Hagens Berman at www.hbsslaw.com/hubg

HUBG Class Action at a Glance:
Class Period: April 28, 2023 – May 11, 2026
Lead Plaintiff Deadline: Friday, Aug. 28, 2026
HBSS Contact: Reed Kathrein, 844-916-0895 or HUBG@hbsslaw.com

View our latest video summary of the allegations: youtu.be/_y-u8nktjMw

What are the allegations against Hub Group?

The complaint alleges Hub Group made false and misleading statements about its financial reporting.

On Feb. 5, 2026, Hub Group revealed it had understated purchased transportation costs and accounts payable by $77 million during the first nine months of 2025. Hub Group's stock dropped approximately 18%.

On May 12, 2026, Hub Group disclosed that its 2023 and 2024 financial reports were also materially misstated and that the company did not maintain effective disclosure controls and procedures. Hub Group stock dropped approximately 13%. Together, these disclosures erased more than $870 million from Hub Group's market capitalization.

Nasdaq Non-Compliance Notice

Hub Group recently received a notice from Nasdaq's Listing Qualifications Department indicating non-compliance with Listing Rule 5250(c)(1) due to the late filing. While trading is not immediately suspended, continued non-compliance may result in delisting.

Am I affected?

If you purchased or acquired Hub Group (NASDAQ: HUBG) securities between April 28, 2023 and May 11, 2026, you may have legal rights. The deadline to ask the court to appoint you as lead plaintiff is Aug. 28, 2026.

About Hagens Berman

Hagens Berman Sobol Shapiro LLP represents investors in securities fraud and shareholder rights litigation. The firm has recovered billions of dollars for defrauded investors and has been recognized among the nation’s leading plaintiffs' securities law firms by ISS Securities Class Action Services. Hagens Berman has 90 attorneys in 10 offices and operates in three additional countries. For more information, visit https://www.hbsslaw.com, and learn more about the firm's securities fraud practice at @securitiesHB and https://www.hbsslaw.com/practices/investor-fraud.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20260826805312/en/

"The core focus of our investigation is whether they were intentional or reckless with the goal of making financial metrics appear better than they actually were," said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.