Class Action Lawsuit Filed Against TFI International Inc:
NEW YORK, March 26, 2025. Pomerantz LLP, a leading securities law firm, announces that a class action lawsuit has been filed against TFI International Inc. (“TFI” or the “Company”) (NYSE: TFII). The lawsuit alleges that TFI and certain of its officers and directors made materially false and misleading statements regarding the Company’s business, operational, and financial metrics.
Background
TFI International Inc. is a North American transportation and logistics company. The Company provides a range of services, including truckload, less-than-truckload, intermodal, and logistics services. TFI’s shares have traded on the New York Stock Exchange under the ticker symbol “TFII” since 2014.
The Class Action Lawsuit
The complaint for the class action lawsuit was filed in the United States District Court for the Southern District of New York. The lawsuit alleges that TFI and certain of its officers and directors made false and misleading statements and failed to disclose material information to investors.
According to the complaint, TFI and its executives made numerous false and misleading statements regarding the Company’s financial performance and prospects. Specifically, the lawsuit alleges that the defendants downplayed the impact of the COVID-19 pandemic on TFI’s business and failed to disclose the true extent of the Company’s exposure to the pandemic.
Impact on Individual Investors
The class action lawsuit may have significant implications for individual investors who purchased TFI International Inc. shares between February 24, 2020, and March 16, 2021. These investors may be entitled to recover their losses if the defendants are found to have violated federal securities laws.
Impact on the World
The class action lawsuit against TFI International Inc. is just one of many securities fraud cases that have been filed in recent years. The lawsuit highlights the importance of transparency and accuracy in corporate disclosures, particularly in the context of the COVID-19 pandemic.
The pandemic has caused widespread disruptions to global supply chains, and many companies have struggled to adapt to the new business environment. As a result, investors have become increasingly reliant on accurate and timely information from companies regarding their financial performance and prospects.
The outcome of the TFI International Inc. lawsuit could have far-reaching implications for the securities industry as a whole. It may encourage greater scrutiny of corporate disclosures and lead to increased transparency and accountability.
Conclusion
The class action lawsuit filed against TFI International Inc. is a reminder of the importance of accurate and timely corporate disclosures, particularly in uncertain economic conditions. The lawsuit may result in significant financial losses for individual investors, and it underscores the need for greater transparency and accountability in the securities industry.
- Pomerantz LLP announces class action lawsuit against TFI International Inc.
- Allegations of false and misleading statements regarding the Company’s business, operational, and financial metrics.
- Lawsuit filed in the United States District Court for the Southern District of New York.
- Impact on individual investors who purchased TFI International Inc. shares between February 24, 2020, and March 16, 2021.
- Outcome of the lawsuit could have far-reaching implications for the securities industry.
