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Investors who lost money on TFI International Inc. (TFII) should contact Levi & Korsinsky about pending Class Action - TFII
TFI International TFI International (US:TFII) GlobeNewswire News Roomยท2025-05-05 17:45

Core Viewpoint - TFI International Inc. is facing a class action securities lawsuit due to alleged securities fraud impacting 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 regarding 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 for its largest business segment [2] - Positive statements made by the defendants about 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 in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]