Urgent Legal Investigation: Faruqi & Faruqi LLP Takes Action for TFI International Investors

Overview of the Investigation

Faruqi & Faruqi, LLP, a well-respected national securities law firm, has announced an investigation concerning potential claims against TFI International Inc., a company listed on the New York Stock Exchange (NYSE) under the symbol TFII. Investors who experienced losses exceeding $50,000 in TFI between April 26, 2024, and February 19, 2025, are urged to connect with the firm to explore their legal recourses. The firm serves as a protector of investors' rights, ensuring that they are informed of their options under the law.

Key Dates for Investors

The investigation comes with an important deadline: May 13, 2025, is the cutoff to seek the role of lead plaintiff in a federal securities class action lawsuit against TFI International. This is a crucial opportunity for affected investors to band together and hold the company accountable for its alleged mismanagement and misleading practices.

Allegations Against TFI International

The firm’s investigation centers around several pivotal allegations. According to the complaint, TFI International and its executives are accused of breaching federal securities laws by making inaccurate or deceptive statements regarding the company’s performance. Specifically, it is alleged that TFI has been losing small and medium-sized business customers, leading to a significant decline in revenue from its TForce segment. Furthermore, reports indicate that the company has faced challenges in managing costs effectively, which has negatively impacted profitability in its key business areas.

Financial Performance and Stock Impact

On February 20, 2025, TFI International revealed its financial results for the fourth quarter of 2024, which fell short of market expectations for both earnings per share (EPS) and revenue. During the accompanying earnings call, CEO Alain Bedard openly admitted that the company has been losing small to medium-sized customers, a trend that has intensified in the fourth quarter. He described the company's cost-containment efforts as “like a dog chasing its tail,” highlighting the internal challenges faced by the organization. In reaction to these disclosures, TFI's stock price plummeted by $26.13, or approximately 20.5%, closing at $101.48 per share, which significantly impacted investors' portfolios.

The Role of the Lead Plaintiff

The lead plaintiff in a class action lawsuit is the individual or entity with the largest financial stake in the overall claims who also represents the interests of other class members. Anyone from the class can apply for this role through their legal representation. Importantly, a person's choice to assume the role of lead plaintiff does not affect their potential to recoup losses from the suit.

Call to Action for Affected Investors

Faruqi & Faruqi LLP remains open to communications with individuals who may have crucial information about TFI's conduct during the relevant time period. This includes not just investors, but also whistleblowers, former employees, and shareholders.

Investors looking for more information about the class action involving TFI International can visit Faruqi & Faruqi's official website or contact partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Conclusion

As the investigation commences, affected investors have a crucial opportunity to advocate for their rights and consider legal action. With the rapidly approaching deadline of May 13, 2025, it’s essential for those impacted to take action and connect with the legal team at Faruqi & Faruqi, LLP. This could be a critical step in seeking justice and potentially recovering losses incurred during this challenging period for TFI International.