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All Press Releases for February 17, 2002 Subscribe to this News Feed    
 

FINE & HATFIELD, A PROFESSIONAL CORPORATION Investigates Potential Securities Claims on Behalf of Hub Group, Inc. Shareholders

FINE & HATFIELD, A PROFESSIONAL CORPORATION, is investigating whether Hub Group Inc.'s accounting practices violated federal securities laws. The Company is being investigated for allegedly knowingly or recklessly publishing materially false and misleading statements regarding the Company's financial condition.

EVANSVILLE, Indiana--(BUSINESS WIRE)--Feb. 14, 2002-- FINE & HATFIELD, A PROFESSIONAL CORPORATION, announced today that it is investigating potential federal securities law violations on behalf of purchasers of Hub Group, Inc. (NASDAQ: HUBGE - news) common stock.

FINE & HATFIELD, A PROFESSIONAL CORPORATION, is investigating whether Hub Group Inc.'s (the Company") accounting practices violated federal securities laws. The Company is being investigated for allegedly knowingly or recklessly publishing materially false and misleading statements regarding the Company's financial condition.

Hub Group, Inc. found accounting irregularities and stated that the Company would likely restate earnings for 1999, 2000 and 2001. The Company estimated that due to these irregularities the Hub Group, Inc. overstated its earnings by $3.0 million to $4.0 million over a multi-year period. Due to the irregularities, Hub Group, Inc. cautioned that investors should not rely on previously released financial results or previously issued audit reports for these periods. Additionally, Hub Group, Inc. engaged a law firm and a team of forensic accountants to assist the Company in connection with an investigation into the nature and cause of these irregularities.

If you have any information or if you purchased Hub Group, Inc. common stock between January 1, 1999 and December 31, 2001 and would like further information concerning your legal rights, please contact the following attorneys at FINE & HATFIELD, A PROFESSIONAL CORPORATION to discuss, without obligation or cost, your rights and interests:

Danny E. Glass or B. Scott Daugherty, FINE & HATFIELD, A PROFESSIONAL CORPORATION 520 N.W. Second Street, Evansville, Indiana 47705 (812) 425-3592.

-- FINE & HATFIELD, A PROFESSIONAL CORPORATION, is an Indiana-based law firm committed to client satisfaction and communication. The firm's attorneys litigate in both state and federal courts.

Contact:
FINE & HATFIELD, A PROFESSIONAL CORPORATION
Danny E. Glass, mailto:deg@fine-hatfield.com

 
  • Scott Daugherty, mailto:bsd@fine-hatfield.com
   812/425-3592

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Scott Daugherty
Fine & Hatfield
(812) 425-3592
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