TFI International (US:TFII) Prnewswireยท2025-05-12 09:45Core Viewpoint - TFI International Inc. is facing allegations of issuing materially false and misleading statements regarding its business operations, particularly concerning customer retention and revenue decline during the specified class period [1]. Group 1: Allegations and Impact - The complaint alleges that TFI International was losing small and medium business customers, leading to a decline in TForce revenue [1]. - The company is reportedly experiencing difficulties in managing its costs, which has negatively impacted the profitability of its largest business segment [1]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [1]. Group 2: Class Action Details - The class period for the allegations spans from April 26, 2024, to February 19, 2025, with a deadline for shareholders to register for the class action set for May 13, 2025 [2]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].