Faruqi & Faruqi, LLP Launches Investigation into TFI International Investors' Claims

Investigation of TFI International by Faruqi & Faruqi, LLP

In a significant move for investors, Faruqi & Faruqi, LLP, one of the country’s renowned securities law firms, has initiated an investigation regarding potential claims on behalf of investors who acquired securities in TFI International Inc. between April 26, 2024, and February 19, 2025. The firm urges those affected to come forward and discuss their legal rights before the looming deadline for filing a lead plaintiff motion in an ongoing federal securities class action against the company.

Background on TFI International

TFI International Inc., listed under NYSE as TFII, has seen its fortunes shift dramatically, particularly highlighted during its fourth quarter financial release on February 20, 2025. The company reported earnings that fell below consensus estimates, signaling troubling trends in its revenue and profitability metrics. CEO Alain Bedard was candid during the earnings call, noting the company was losing small and medium-sized customers, a situation that has intensified in recent months. This statement raised alarms among investors as it not only showcased management's admission of operational challenges but also triggered a significant drop in stock price, illustrating the potential financial impact on shareholders.

Allegations Against TFI International

Legal documents suggest that the allegations against TFI and its top executives encompass violations of federal securities laws. The key points of concern include:

1. Misleading Statements: Allegations state that TFI’s executives made false or misleading statements concerning the company's financial health and operational outlook.
2. Declining Customer Base: Reports indicate a troubling trend in the loss of small and medium business customers that directly affects revenue streams.
3. Cost Management Issues: TFI's management has reportedly struggled with effectively managing costs, leading to impacting profitability in its primary business segment.
4. Material Misleading Information: The announcement of declining revenues contradicts earlier optimistic statements made by company executives.

These issues culminated in a notable stock price decline, with shares plummeting over 20% following the earnings announcement — an alarming development for current and prospective investors.

What This Means for Investors

For investors of TFI International, the proposed class action suit represents a chance to recover from potential financial losses attributed to misleading disclosures. The process of taking a leading role in the lawsuit can significantly affect the direction and outcome of the case. Investors are encouraged to actively participate and not take a passive role. The firm highlighted that any TFI investor suffering losses due to these developments can seek legal counsel and information on how to proceed with their claim.

Contacting Faruqi & Faruqi, LLP

Investors seeking advice or wanting to share information regarding TFI’s conduct during the disputed timeline are encouraged to reach out to Faruqi & Faruqi directly. The firm has expressed its willingness to consider insights from whistleblowers, former employees, and other affected stakeholders, thereby ensuring a comprehensive understanding of the situation surrounding TFI International.

Get Involved

As the deadline of May 13, 2025, approaches for asserting lead plaintiff status, those affected are strongly urged to act quickly. Potential class members can contact Josh Wilson, a partner at Faruqi & Faruqi, to discuss their options in detail. This call could be the first step toward asserting their rights and possibly reclaiming losses.

For further updates and developments regarding the investigation, interested parties can follow the firm on social media or visit their website at www.faruqilaw.com.

Faruqi & Faruqi, LLP has a history of advocating for investors, having recovered significant settlements over the years, and welcomes the opportunity to help those impacted by this situation.

Investing comes with risks, but legal support from experienced professionals can make a significant difference in navigating these challenges.