Class Action Lawsuit for TFI International Investors
In a significant legal move, the Rosen Law Firm has announced the opportunity for shareholders of TFI International Inc. (NYSE: TFII) to participate in a class action lawsuit concerning securities fraud. This action is centered around purchases or acquisitions made between April 26, 2024, and February 19, 2025, and aims to hold the company accountable for alleged misleading statements regarding its business performance and customer retention.
What Led to the Lawsuit?
The filed lawsuit asserts that during the specified period, TFI International's management failed to disclose critical information that could affect investor decisions. The plaintiff argues that there were several misleading statements made by the defendants, suggesting the company was performing well. In reality, internal struggles including loss of customers and declining revenues were not communicated effectively to investors. This discrepancy between the company's actual performance and reported data resulted in what many shareholders believe to be unjust losses.
The Allegations
- - Loss of Customers: The lawsuit claims TFI was experiencing a noticeable decline in its small and medium business clientele.
- - Declining Revenues: The company's TForce Freight revenue was reportedly on a downward trend, contradicting public claims of stability.
- - Cost Management Issues: Additionally, TFI faced challenges in managing operational costs, impacting profitability and creating a potential misrepresentation of their financial health.
- - Misleading Statements: Overall, the situation created a narrative that painted TFI in a more favorable light than the reality warranted.
Next Steps for Investors
Investors who purchased TFI International securities during the specified class period have until May 13, 2025, to act if they wish to be recognized as lead plaintiff in this case. They can do so without incurring any upfront fees, as the legal costs would typically be covered through a contingency fee arrangement. This provision allows investors to seek compensation from potential outcomes of the lawsuit without financial risk upfront.
Any interested parties are encouraged to reach out to the Rosen Law Firm for information on how to join the class action. Those interested in participating can visit the firm’s website or contact Phillip Kim, Esq., directly via phone or email.
Why Choose Rosen Law Firm?
Rosen Law Firm has established itself as a reputable player in the field of investor rights, having a proven track record in securities class actions. The firm’s achievements include securing substantial settlements for investors impacted by fraud. Recognized for excellence, they have been lauded by various legal publications and institutions, affirming their capability to effectively represent investors in complex cases like this.
Historical Success
The firm boasts a history of achieving significant settlements, including a record-breaking sum against a Chinese company, reflecting their tenacity and expertise. In 2019, Rosen Law Firm recovered over $438 million for investors, showcasing their commitment to advocacy and legal effectiveness.
The Importance of Legal Counsel
Amidst the ongoing legal battle, investors are advised to select legal counsel wisely. The Rosen Law Firm not only provides representation but also offers experienced lawyers dedicated to navigating the complexities of securities law. Opting for seasoned counsel can significantly influence the direction and outcome of a case.
Conclusion
For investors who have invested in TFI International during the specified class period, this class action lawsuit provides a potential path toward reparation for any financial damages suffered. As the legal process unfolds, affected investors are encouraged to keep informed and explore their options carefully.
For updates or additional information, you can follow the Rosen Law Firm across social media platforms or directly engage through their official website.
Contacts for More Information
Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (866) 767-3653
Email: info@rosenlegal.com