TFI International (US:TFII) Prnewswireยท2025-04-29 09:45Core Viewpoint - A class action securities lawsuit has been filed against TFI International Inc. alleging securities fraud that negatively impacted investors between April 26, 2024, and February 19, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that TFI International Inc. made false statements and concealed critical information, including the loss of small and medium business customers [2]. - It is alleged that the decline in TForce revenue was a direct result of losing these customers [2]. - The company reportedly faced challenges in managing its costs, leading to a decline in profitability in its largest business segment [2]. - Positive statements made by the defendants regarding the company's business operations and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 13, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].