TFI International Investors: A Critical Moment to Lead a Fraud Lawsuit

TFI International Inc. (NYSE: TFII) investors who purchased shares between April 26, 2024, and February 19, 2025, now face a pivotal opportunity to shape the outcome of a securities fraud class action lawsuit. The case, currently in its early stages in U.S. federal court, alleges that TFI and its executives concealed critical business risks that led to a catastrophic stock decline in February 2025. With a May 13, 2025, deadline looming for shareholders to apply to become lead plaintiff, the decision to act—or not—could determine the fate of billions in potential investor recoveries.

The Allegations: A Masked Decline in Revenue and Profitability

The lawsuit centers on TFI’s alleged failure to disclose its deteriorating relationship with small and medium business customers, which directly impacted revenue from its TForce segment. According to complaints filed by law firms such as The Gross Law Firm and Faruqi & Faruqi, TFI executives misrepresented the company’s financial stability by omitting details about declining customer retention and escalating costs. These omissions, the plaintiffs argue, artificially inflated TFII’s stock price by creating a false narrative of operational resilience.

The truth came to light on February 20, 2025, when TFI reported a 33% year-over-year drop in fourth-quarter net income and a 16% full-year 2024 decline. This revelation triggered a 20.5% single-day plunge in TFII’s share price—equivalent to a $26.13 loss per share—erasing billions in investor value.

The Legal Landscape: A Race Against the Clock

The case is proceeding under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, which prohibit fraud and hold executives accountable for misleading statements. Shareholders who purchased TFII shares during the class period (April 26, 2024, to February 19, 2025) may qualify to join the lawsuit. A critical factor is the May 13, 2025, deadline for applying to serve as lead plaintiff.

To qualify, applicants must demonstrate the largest financial loss and meet “typicality” and “adequacy” standards to represent the class. However, even non-lead plaintiffs may benefit from any settlement or judgment. Law firms involved emphasize that participation is free, with costs covered only if the case succeeds—a structure designed to encourage broad investor involvement.

Why This Matters: A Pattern of Misstatements, Not One-Time Errors

The allegations suggest a systemic issue, not a one-off misstep. TFI’s TForce segment, which accounts for a significant portion of its revenue, saw its struggles masked by aggressive cost-cutting and optimistic guidance. The February 2025 financial report exposed these tactics as unsustainable, with net income collapsing despite revenue remaining flat.

The stock’s 20.5% single-day drop is a stark indicator of investor confidence erosion. Such a sharp decline underscores the severity of the misstatements, as the market reacted swiftly to the revelation of hidden risks. For context, the average stock price decline following similar fraud disclosures in recent years has been 15–25%, making TFII’s drop a textbook case of material misrepresentation.

The Path Forward: Investor Action and Potential Recovery

For shareholders who held TFII during the class period, the May 13 deadline is non-negotiable. Failing to apply for lead plaintiff status could mean ceding control of the case to other investors or firms—a decision that could impact the scope of recoveries.

Law firms like Faruqi & Faruqi, which have secured over $10 billion for investors since 1995, are leveraging their expertise to build a case against TFI. The firm’s analysis of TFI’s financial statements and executive communications reveals inconsistencies between public pronouncements and internal data, a common thread in securities fraud cases.

Conclusion: The Clock is Ticking—Act Now or Risk Losing Out

The stakes are clear: TFI International’s alleged fraud cost investors billions, and the May 13 deadline is the last chance to influence the outcome. With the stock having lost over 40% of its value since early 2024 (as of March 31, 2025), the urgency is amplified.

The data is unequivocal:
- $26.13 per share loss on February 20, 2025, alone.
- 33% YoY net income decline in Q4 2024.
- 16% full-year 2024 net income drop versus 2023.

These figures, coupled with the coordinated legal action from multiple high-profile firms, suggest a strong case for recovery. For investors, inaction now could mean forfeiting a chance to hold TFI accountable and recoup losses. The window is closing—act before May 13 to protect your interests.

The Southern District of New York’s reputation for rigorous securities litigation bodes well for the case’s prospects. With lead plaintiff selection imminent, the next few weeks will determine whether shareholders can turn this legal battle into a meaningful win—or watch their losses become permanent.