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This lawsuit is for anyone who acquired securities in TFI International, Inc. (NYSE: TFII) from April 26, 2024 through February 19, 2025.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company’s client mix was changing from small and medium customers to corporate customers, and that since contracts with smaller customers had greater profit margin, the Company would miss earnings estimates.
On February 20, 2025, TFI released its fourth quarter 2024 financial results, missing consensus estimates on EPS and revenue. In an earnings call held the same day, TFI’s President & Chief Executive Officer, Alain Bedard, reported the Company is “losing the small and medium-sized . . . customers” and this “really accelerated in Q4.” Bedard further described the Company’s efforts to control costs as “like a dog chasing his tail.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in TFI International, Inc. (NYSE: TFII) from April 26, 2024 through February 19, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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