Pomerantz Law Firm Warns of Class Action against TFI International Inc. Investors: Key Details and Deadlines

In a significant development for investors, Pomerantz LLP has formally announced the initiation of a class action lawsuit against TFI International Inc. This lawsuit is geared towards investors who have experienced financial losses stemming from their investment in TFI. As noted, TFI operates under the stock symbol NYSE: TFII, and many stakeholders may be impacted by the recent financial disclosures made by the company. The firm is encouraging individuals who have faced losses and who were shareholders during the relevant time period to act quickly to assert their rights.

The class action lawsuit centers on allegations that TFI International and some of its senior management may have engaged in securities fraud and other unlawful business practices. Such accusations raise serious concerns about the integrity of the company’s operations and financial standings, something that could affect the trust investors place in TFI as a viable entity moving forward.

According to the recent report, investors have until May 13, 2025, to ask for their appointment as Lead Plaintiff in the class action case. This is a critical step for any investor who purchased TFI securities during the class action's defined period. Interested parties are encouraged to reach out to attorney Danielle Peyton via email at [email protected] or by phone at 646-581-9980. For a more direct approach, they can also use the toll-free number 888.4-POMLAW (extension 7980). To facilitate communication, it’s advisable for those reaching out via email to include their mailing address, contact number, and the quantity of TFI shares they acquired.

On February 20, 2025, TFI announced its fourth-quarter results along with the entire fiscal year's summary for 2024. The report disclosed a quarterly net income of $88.1 million, a stark contrast to the previous year that shows a nearly 33% decline in profits. Furthermore, the total net income for fiscal year 2024 was reported as $422.5 million, which amounts to around a 16% decrease from the preceding year. Following this troubling financial news, TFI's stock took a significant hit, plunging by $26.13—or 20.5%—to close at $101.48 per share. These figures are indicative of the broader issues potentially facing TFI and its management.

Pomerantz LLP, celebrated for its expertise in corporate, securities, and antitrust class litigation, has a long-standing reputation in seeking justice for individuals affected by corporate misconduct. Founded by Abraham L. Pomerantz, often hailed as the pioneer in the realm of securities class actions, the firm has dedicated over 85 years to representing victims of securities fraud and breaches of fiduciary duty. Over the years, Pomerantz has achieved remarkable success, recovering substantial damages for class members, showcasing their commitment to restoring financial losses incurred through corporate deceit. Investors who believe they may have a claim or want to learn more about the lawsuit’s developments should keep close tabs on any further announcements from Pomerantz LLP.

Topics Financial Services & Investing)

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