Pomerantz Law Firm Launches Class Action Against TFI International Inc. Over Allegations of Securities Fraud

Recent Class Action Lawsuit Against TFI International Inc.

In a significant development for investors, Pomerantz Law Firm has announced the initiation of a class action lawsuit against TFI International Inc. This legal action arises from allegations of securities fraud related to the company’s recent financial disclosures, which have raised numerous red flags among investors.

What Led to the Class Action?

The backdrop of this lawsuit stems from TFI's financial report released on February 20, 2025. The company reported a quarterly net income of $88.1 million, marking a staggering decline of nearly 33% year-over-year. Additionally, their total net income for fiscal year 2024 amounted to $422.5 million, down approximately 16% compared to the previous year. These troubling figures shocked investors and led to a dramatic drop in TFI's stock price.

On the same day as the financial report, TFI's shares plummeted by $26.13, or 20.5%, closing at $101.48. This sharp decline triggered concerns that the company and some of its top executives were possibly involved in unlawful business practices that misled shareholders about the company’s financial health.

Call to Action for Investors

As part of the class action proceedings, affected investors are encouraged to reach out to Danielle Peyton at Pomerantz LLP. Interested parties must act swiftly, as the deadline to file a motion to be named as Lead Plaintiff is May 13, 2025. This involves purchasing TFI securities during the class period. Those wishing to join the lawsuit can find more details by visiting the Pomerantz Law website.

The Role of Pomerantz Law Firm

With a reputable history spanning over 85 years, Pomerantz LLP is recognized as a leading firm in the realm of corporate securities and antitrust class litigation. Founded by the prominent attorney Abraham L. Pomerantz, the firm has consistently fought for the rights of investors against corporate misconduct and securities fraud. Their track record includes securing substantial damage awards for class members, and they continue to uphold the principles established by their founder in pursuing justice for those harmed by corporate wrongdoing.

Conclusion

This ongoing situation serves as a critical reminder of the importance of investor vigilance and the legal recourse available to those who believe they have been misled. As the class action progresses, it will be interesting to see how TFI International Inc. responds to these allegations and what repercussions it may face in the financial markets. Investors are advised to stay informed and seek guidance where necessary, as the outcomes of legal actions can significantly impact their financial decisions.

For more information about joining the class action or for details on the lawsuit itself, investors should not hesitate to contact Pomerantz Law Firm directly.