Bronstein, Gewirtz & Grossman, LLC: A Class Action Lawsuit Against TFI International Inc.
On March 21, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a renowned law firm, announced the filing of a class action lawsuit against TFI International Inc. (“TFI” or “the Company”) (NYSE: TFII) and certain of its officers. The lawsuit alleges that the Company and its officers violated the federal securities laws, specifically during the period from April 26, 2024, to February 19, 2025 (the “Class Period”).
Class Definition and Allegations
The class action lawsuit is brought on behalf of all persons and entities that purchased or otherwise acquired TFI securities during the Class Period. The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and financial condition.
Specifically, the complaint alleges that the defendants failed to disclose that the Company was experiencing operational challenges in its Logistics business segment, which was materially impacting its financial results. The complaint further alleges that the defendants failed to disclose that the Company was experiencing increased competition in its Logistics business, which was causing a decline in pricing and volume.
Impact on Individual Investors
If the allegations in the lawsuit are proven true, investors who purchased TFI securities during the Class Period may be entitled to compensation. The compensation may come in the form of damages, which could include the difference between the purchase price and the value of the securities when the truth was revealed, as well as any resulting losses.
Impact on the World
The filing of this class action lawsuit against TFI International Inc. could have far-reaching implications for the logistics industry as a whole. If the allegations in the lawsuit are proven true, it could lead to increased scrutiny of other logistics companies and potentially result in similar lawsuits being filed against them. This could cause uncertainty and volatility in the logistics industry, potentially impacting investors, customers, and employees.
Conclusion
The filing of this class action lawsuit against TFI International Inc. is a significant development for investors in the Company’s securities. If the allegations in the lawsuit are proven true, it could result in significant damages for affected investors. Additionally, the lawsuit could have broader implications for the logistics industry as a whole, potentially leading to increased scrutiny and uncertainty.
It is important for investors to stay informed about this developing situation and to consult with their financial advisors to determine their potential exposure and options. As the case progresses, further information will become available, and investors should continue to monitor developments closely.
