Robbins LLP Alerts TFII Stockholders Regarding Class Action Lawsuit for Major Investment Losses
Robbins LLP Warns TFII Stockholders About Class Action Suit
Robbins LLP, a prominent law firm, is reminding TFI International Inc. stockholders of their rights as investors who have lost substantial amounts due to concerns regarding the company's operations and profitability. The firm has initiated a class action lawsuit for individuals and entities that acquired TFI securities between April 25, 2024, and February 19, 2025, especially those experiencing significant financial losses.
Background on TFI International Inc.
TFI International Inc. (NYSE: TFII) is a major player in the transportation and logistics sector of North America, operating extensively across both the United States and Canada. However, recent financial reports have raised serious concerns about the company's direction and stability. The class action lawsuit alleges that TFI's management failed to adequately inform investors of key issues during the stated time period,
Allegations of Misleading Practices
The complaint claims that TFI misled shareholders regarding the company's business health. Specific grievances include:
1. Loss of Clients: It was allegedly not disclosed that TFI was losing small and medium-sized business customers, significantly impacting revenue.
2. Declining Revenue: The firm's TForce revenue was reportedly on a decline, which management failed to communicate to investors on time.
3. Cost Management Issues: There were unaddressed difficulties in handling operational costs, leading to the erosion of profit margins.
4. Impact on Major Segments: The profitability of TFI's largest business arm reportedly suffered due to these factors, which again were not adequately disclosed.
On February 19, 2025, TFI International released its fourth-quarter and annual financial results, revealing a staggering 33% decrease in net income quarter-over-quarter and a 16% decline year-over-year in overall fiscal performance. Following this announcement, TFI’s stock plummeted by over 20%, illustrating the immediate ramifications for shareholders.
What Stockholders Need to Know
Affected shareholders are encouraged to take action if they wish to be part of this lawsuit. Those looking to take on the role of lead plaintiff should submit the necessary legal documents by May 13, 2025. The lead plaintiff plays a vital role in representing the interests of the entire class. Importantly, investors need not participate actively in the lawsuit process to be eligible for potential recoveries. Inaction will result in remaining an absent class member, but it does not eliminate the right to seek compensation.
All cases handled by Robbins LLP operate on a contingency fee basis, meaning shareholders will not incur any costs unless a recovery is achieved. This ensures that every investor has the opportunity to seek justice without financial barriers.
About Robbins LLP
Founded in 2002, Robbins LLP has built a strong reputation as a leader in shareholder rights litigation. Their mission focuses on recovering losses for shareholders while promoting better corporate governance and holding executives accountable for their actions. Investors can stay informed about future class actions against TFI or similar companies by signing up for Stock Watch alerts.
For any inquiries or to participate, stockholders can fill out the required forms, send an email to attorney Aaron Dumas, Jr., or call Robbins LLP directly at (800) 350-6003.
Stay proactive and understand your rights as an investor in TFI International Inc.