TFI International Inc. Faces Class Action Lawsuit Amid Significant Financial Losses

Class Action Lawsuit Filed Against TFI International Inc.

In a recent development, the Pomerantz Law Firm has announced the filing of a class action lawsuit against TFI International Inc. (NYSE: TFII), in response to growing concerns over alleged securities fraud by the company. The lawsuit highlights significant financial setbacks reported by TFI and raises questions about the actions of its leadership during a tumultuous fiscal year.

Background on TFI International Inc.

TFI International, a well-known player in the transportation and logistics industry, has recently come under scrutiny following its financial report for the fourth quarter and full year of 2024. The company reported a net income of $88.1 million for the quarter, marking a significant decline compared to the previous year. This represents a staggering year-over-year decrease of nearly 33%. Furthermore, the full-year results reveal a net income of $422.5 million, down approximately 16%, raising red flags for investors and analysts alike.

According to estimates, this poor financial performance led to a decline in TFI’s stock price, which fell $26.13 per share, or 20.5%, closing at $101.48 per share on the day of the announcement. Such a dramatic drop has prompted concern among both investors and market watchers, indicating deeper issues within the company’s management and operational effectiveness.

Details of the Class Action Notice

Investors who have suffered losses due to their investment in TFI are urged to take action before the upcoming deadline of May 13, 2025, to potentially appoint themselves as Lead Plaintiffs in the case. Those interested can contact Danielle Peyton from Pomerantz LLP at [email protected] or by calling (646) 581-9980. The firm encourages individuals to provide their contact details, including telephone numbers and the amount of shares acquired, when reaching out.

The lawsuit’s focus centers on whether TFI and its senior executives were involved in securities fraud or engaged in unlawful business practices that negatively impacted investors' assets. The precise allegations will be revealed in the complaint, which can be accessed through the Pomerantz Law Firm’s website.

The Legacy of Pomerantz Law Firm

Pomerantz LLP has established a solid reputation in the realm of corporate and securities litigation over its more than 85 years of operation. The firm, founded by Abraham L. Pomerantz, has a rich history in advocating for the rights of victims of corporate misconduct and securities fraud. With offices across major cities like New York, Chicago, Los Angeles, as well as international locations, the firm has successfully secured substantial damages for countless class members involved in similar lawsuits.

This case against TFI International underscores the importance of transparency and accountability within publicly traded companies. As new revelations come to light regarding TFI’s financial practices, shareholders are reminded to remain vigilant and proactive about their investments.

In conclusion, as the class action lawsuit unfolds, it will be crucial for affected investors to stay informed and engaged in the process, ensuring their voices are heard in the pursuit of justice regarding their financial losses. Interested parties should not hesitate to reach out to legal representatives to explore their options in this class action suit against TFI International Inc.