Faruqi & Faruqi Warns TFI International Investors About Class Action Deadline Approaching Soon

Recent Developments in TFI International Investors' Class Action Lawsuit



Faruqi & Faruqi, LLP, a prominent national securities law firm, is actively investigating potential claims against TFI International Inc. (referred to as TFI) as investors approach a critical deadline for a class action lawsuit. The lead plaintiff deadline for this case is expected to close on May 13, 2025, and the firm is urging investors who experienced losses exceeding $50,000 in TFI between April 26, 2024, and February 19, 2025, to reach out for consultations regarding their legal rights.

In a recent announcement, securities litigation partner James (Josh) Wilson emphasized the importance of this deadline for investors affected by the company's performance over the specified period. TFI's stock has encountered significant fluctuations, prompting concerns among shareholders about their investments' viability. Under such circumstances, Faruqi & Faruqi aims to ensure that investors understand their options and the legal recourse available to them. The firm has a longstanding history of recovering substantial amounts for investors and is dedicated to providing robust legal representation.

Allegations Against TFI International



The allegations in the current lawsuit revolve around claims that TFI and its executives may have breached federal securities laws. Specifically, the complaint asserts that the company undertook misleading practices by failing to disclose critical information, including:
1. A significant decline in TFI's customer base, particularly among small and medium enterprises.
2. A consequential drop in TForce revenue that is integral to TFI's financial health.
3. Ineffective management of operational costs leading to further financial strain.
4. The resultant decrease in profitability of TFI’s primary business segment.
5. The overarching implication that positive assertions made by TFI regarding its operational prospects were materially misleading and lacked a reasonable basis.

These suggestions were brought to light following TFI's disappointing fourth quarter financial results for the year 2024, where the company notably missed analysts' expectations concerning both earnings per share and overall revenue. This situation intensified when TFI's President and CEO, Alain Bedard, candidly admitted during an earnings call that they were indeed losing small- and medium-sized customers, admitting that this decline became markedly worse within Q4.

Following this announcement on February 20, 2025, TFI’s stock price plunged $26.13—or 20.5%—closing at a value of $101.48 per share, adversely impacting shareholders and raising red flags about the company's direction.

Seeking Justice for Investors



The role of a lead plaintiff is crucial in class action lawsuits. This individual must have the largest financial stake in the claim and act on behalf of all class members during litigation. All members of the affected group have the liberty to either step up as a lead plaintiff through their legal counsel or maintain their status as absent class members without impacting their claim right.

Faruqi & Faruqi is also inviting any individual with knowledge concerning TFI's business practices, including whistleblowers and former employees, to reach out to the firm. This transparency could play a significant role in strengthening the case against TFI.

For those interested in learning more about this ongoing class action, alternatives available, or discussing potential legal options, Faruqi & Faruqi can be reached directly at (877) 247-4292 or at their office numbers listed on their website. Investors are advised to utilize this chance to recover their losses effectively before the impending deadline.

Faruqi & Faruqi, LLP, founded in 1995, has established itself as a stalwart protector of investor rights, recovering hundreds of millions of dollars over the years. They continue to advocate for justice and fairness in the securities market.

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For continuous updates and more information, follow Faruqi & Faruqi through their online platforms. This announcement serves as a reminder that awareness and timely action are crucial for investors in navigating complex legal landscapes.

Topics Financial Services & Investing)

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