Class Action Lawsuit Filed Against TFI International Inc.
A significant class action lawsuit has been lodged against TFI International Inc. (NYSE: TFII), as announced by Levi & Korsinsky, LLP. This legal action is particularly relevant for investors who feel they have been negatively impacted by purported securities fraud that occurred between April 26, 2024, and February 19, 2025. The lawsuit aims to seek recovery for these affected investors due to misleading statements made by the company concerning its business performance and operations.
Background of the Case
The filed complaint alleges that the defendants, who are likely to include company executives and board members, made several false claims about the financial status and growth aspects of TFI International Inc. The complaint states that these inaccuracies led to significant investor losses. Key allegations include the following points:
1. The company reportedly lost several small and medium-sized business clients.
2. The revenue from TForce, which represents a crucial segment of the company, declined significantly due to the loss of customers.
3. TFI International faced challenges in managing its operational costs effectively.
4. The profitability of TFI's major business sector began to decline as a consequence of the above issues.
5. The positive statements made by the defendants about the company's trajectory and operational capabilities were misleading and unfounded.
Given these issues, the lawsuit claims that investors have been misled regarding the company's true operational health and future prospects. As a consequence, individuals who invested in TFI during this timeframe may be entitled to compensation.
Next Steps for Investors
For those who suffered financial losses while investing in TFI International during the specified period, it is imperative to act swiftly. May 13, 2025, marks the deadline by which individuals must request their appointment as lead plaintiff in this lawsuit. Those interested in participating in this legal action are advised to visit the following link for additional information:
TFI International Inc. Lawsuit Submission.
It’s important to note that participating as a class member does not necessitate serving as a lead plaintiff, thus offering more flexibility for potential claimants. In addition, individuals considering involvement in this lawsuit should be aware that there are no out-of-pocket costs to participate. All associated fees will be handled without any obligation on the part of class members.
Why Choose Levi & Korsinsky?
Levi & Korsinsky boasts a solid track record spanning over two decades, having secured multiple settlements amounting to hundreds of millions of dollars for investors facing adversity due to corporate misconduct. Their adept team of over 70 specialists possesses extensive experience in complex securities litigation, ensuring that clients receive comprehensive representation and support throughout the legal process.
Furthermore, the firm consistently features in ISS Securities Class Action Services' Top 50 Report, emphasizing its elite position among securities litigation firms within the United States. Their dedicated approach and proven success make them a credible option for those looking to seek justice and recover financial losses.
Investors can reach out for legal guidance and assistance through the following contact details:
Contact Information:
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
Website:
www.zlk.com
Conclusion
With the implication of potential securities fraud looming over TFI International Inc., it is crucial for affected investors to stay informed and consider their options. Participating in this class-action suit could provide an avenue for recovery amidst the uncertainties surrounding the company's financial claims. As the deadline nearing approaches, prompt action becomes essential for those wishing to be considered in this case.