Pomerantz Law Firm Files Class Action Against TFI International Amid Decline in Earnings

In a significant legal move, Pomerantz LLP has announced the initiation of a class action lawsuit against TFI International Inc. (NYSE: TFII), highlighting serious concerns regarding the company's handling of securities and business practices. This legal pursuit follows startling revelations about TFI's financial performance that have impacted investors profoundly.

Context of the Class Action

On February 20, 2025, TFI International released its fourth-quarter and fiscal year 2024 financial results, revealing a sharp decline in earnings. The report showed a quarterly net income of $88.1 million, plummeting nearly 33% year-over-year. Furthermore, the fiscal year net income totaled $422.5 million, down approximately 16% from the previous year. In the wake of this announcement, TFI's stock price suffered a drastic decline, falling $26.13, or 20.5%, to close at $101.48 per share on the same day.

In light of these developments, Pomerantz is advising investors who have suffered financial losses to reach out to their office by contacting Danielle Peyton at [email protected] or by phone at 646-581-9980. Investors may also inquire toll-free at 888.4-POMLAW, extension 7980. Those interested should include their personal details and information on shares purchased, as the firm has set a deadline of May 13, 2025, for investors to be considered for Lead Plaintiff in this class action.

Legal Basis for the Lawsuit

The primary focus of the class action centers around allegations that TFI International, along with certain officers and directors, may have engaged in securities fraud and other illicit business operations. The implications of such actions could be severe, both for the company’s reputation and for the financial well-being of its investors. The law firm, noted for its expertise in corporate, securities, and antitrust class action litigation, aims to hold TFI accountable for the alleged misconduct that has affected shareholders.

Founded by the legendary Abraham L. Pomerantz, often regarded as a pioneer in the class action domain, the firm has been at the forefront of defending shareholders’ rights for over 85 years. Pomerantz has successfully recovered numerous multinational damages for class members in similar cases, advocating for those affected by breaches of fiduciary duty and corporate fraud. This tradition of fighting for investors' rights continues as the firm prepares to navigate this latest lawsuit against TFI.

Next Steps for Affected Investors

Investors who believe they have been wronged are encouraged to act promptly. The upcoming deadlines are crucial for those seeking to join the class action suit. Participants in the lawsuit can stand to gain not only potential financial reparations for their losses but also contribute to holding corporate entities accountable for their actions.

For more comprehensive information or to join the class action, potential claimants can visit Pomerantz Law Firm's website.

The continuing developments regarding TFI International must be monitored closely, as they not only represent the plight of individual investors but also raise questions about corporate transparency and accountability in publicly traded companies. As this case unfolds, it could set important precedents for future corporate governance and investor rights.

In summary, the Pomerantz Law Firm's lawsuit against TFI International serves as a clarion call for investors to remain vigilant and proactive regarding their investments, especially in light of pressing concerns over corporate practices and stock performance. As the class action progresses, those affected by TFI’s alleged misconduct should stay informed on their rights and potential remedies available through this legal action.