Investor Alert: TFI International Inc. Lawsuit
Pomerantz Law Firm has recently announced the filing of a class action lawsuit against TFI International Inc. (NYSE: TFII). This legal action comes in light of the firm's concerns regarding potential securities fraud and other unlawful business practices that may have been committed by the company and its management.
Background of the Case
TFI International Inc. is a prominent player in the transportation and logistics sector. The lawsuit primarily addresses allegations that certain officers and directors of TFI may have misled investors regarding the company's financial stability and operational practices. The firm aims to hold these executives accountable for any misconduct that has adversely affected shareholders.
Investors who believe they have incurred losses due to their investment in TFI securities are encouraged to reach out to Pomerantz LLP. Specifically, they should contact Danielle Peyton via email at [the provided email] or call 646-581-9980 for more details on how to become involved in the lawsuit.
Key Dates and Legal Proceedings
Investors have until
May 13, 2025 to request that the court appoint them as Lead Plaintiff in the ongoing case if they purchased or otherwise acquired TFI securities during the relevant Class Period. The implications of this lawsuit are significant, as it could lead to substantial recovery for investors affected by misleading information concerning TFI's financial performance.
In a press release dated February 20, 2025, TFI International reported its financial results for the fourth quarter and full year of 2024. The firm announced a net income of $88.1 million for the quarter, marking a decline of approximately
33% when compared to the previous year. Furthermore, the total net income for fiscal 2024 was reported at $422.5 million, reflecting a year-over-year decline of about
16%. Following the release of these results, TFI's stock witnessed a drastic decline of
20.5%, dropping
$26.13 to close at
$101.48 per share on the same day.
The Role of Pomerantz LLP
Pomerantz LLP is recognized as a leading firm specializing in corporate, securities, and antitrust litigation. Established over 85 years ago, the firm has built a formidable reputation in the field of securities class actions, driven by its founder Abraham L. Pomerantz's commitment to the protection of investors' rights.
The firm has successfully secured numerous multi-million-dollar recoveries for class members, demonstrating a sustained dedication to fighting against corporate misconduct and ensuring justice for those wronged by deceptive business practices.
How to Participate
For investors interested in joining this class action lawsuit against TFI International Inc., further details and the official complaint can be found on the firm's website at
www.pomerantzlaw.com. Potential claimants are encouraged to act swiftly and gather relevant documentation regarding their investments in TFI to facilitate the legal process.
In summary, this lawsuit represents a crucial step for investors seeking accountability from TFI International's management and a potential recovery for losses incurred from their investments. As the legal proceedings unfold, it will be essential for affected investors to stay informed and take necessary actions within the specified deadlines to secure their interests.