Hub Group, Inc.’s stock fell over 14% in intraday trading on May 12, 2026, after the company disclosed that its previously issued audited financial statements for fiscal years 2023 and 2024 were materially misstated and should no longer be relied upon. The company said the determination followed an Audit Committee review that identified transactions that were prematurely or incorrectly recognized or not adequately supported. Hub Group additionally said it expects to conclude that both its disclosure controls and internal control over financial reporting were not effective for 2023 and 2024.
Contact our attorneys for a no-cost case evaluation.