Investors of TFI International Inc. Urged to Act Amid Class Action Lawsuit

Class Action Lawsuit Against TFI International Inc.

On April 8, 2025, TFI International Inc. found itself at the center of controversy as it was slapped with a class action lawsuit for purported violations of securities laws. This significant legal development has garnered the attention of investors, primarily due to claims of securities fraud that spanned from April 26, 2024, through February 19, 2025.

Class Definition and Implications

The lawsuit is spearheaded by Levi & Korsinsky, LLP, a firm recognized for its robust history in advocating for investors. By seeking to recover financial losses on behalf of investors affected by alleged securities fraud, the class action definition aims at holding the company's defendants accountable for their purported inaccurate disclosures. Investors who have experienced losses during this timeframe are specifically encouraged to take action before the deadline of May 13, 2025, to assert their rights as lead plaintiffs. Moreover, the possibility of recovery does not hinge on serving as a lead plaintiff, which broadens the scope for potential recovery among affected investors.

Details of the Allegations

The complaint outlines a series of allegations indicating that TFI International made materially false statements while concealing critical information about its operational performance. Among the key points are:
1. Loss of Clients: The company purportedly lost numerous small and medium business clients, a factor which directly impacted their operational landscape.
2. Declining Revenues: This loss translated into a significant dip in revenue from TForce, a crucial segment within TFI's operations.
3. Cost Management Issues: Allegations surfaced suggesting that TFI was struggling to manage its operational costs effectively, raising concerns about the company's overall financial health.
4. Profitability Concerns: Due to the declining revenues and ongoing cost management issues, questions have arisen regarding the profitability of TFI's largest business segment.
5. Misleading Statements: As a result, the defendants' overly optimistic portrayals of TFI’s business, operational capacity, and future prospects were found to be misleading at best and misleadingly buoyant at worst.

No Costs for Class Members

Importantly for potential claimants, Levi & Korsinsky emphasizes that participation in the class action process carries no direct financial obligations. Affected investors may be entitled to restitution without incurring out-of-pocket expenses, thus making it accessible for those wishing to seek justice regarding their financial losses.

The Expertise of Levi & Korsinsky

With over two decades in the legal arena, Levi & Korsinsky has established a commendable track record of recovering extensive amounts for shareholders impacted by various financial malpractices. The firm is notably recognized in the industry, having consistently ranked among the top options for securities litigation in the U.S. This pedigree lends considerable credibility to the current class action initiative, which may prove to be a pivotal moment for affected investors.

How to Get Involved

Investors impacted by the alleged securities fraud are strongly encouraged to connect with Levi & Korsinsky. Joseph E. Levi, a prominent attorney at the firm, is available to discuss the details of the lawsuit. Interested parties can reach out via telephone at (212) 363-7500 or through email for more information.

Given the deadlines and the potential ramifications related to this litigation, it is paramount for claimants to act swiftly. The outcome of this case may not only determine individual recoveries but could also influence the operational transparency within TFI International Inc. moving forward.

For more details on the ongoing lawsuit and how to proceed, visit the official form. This legal action stands as a critical chapter in the ongoing narrative regarding accountability in corporate governance and investor rights.