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Associated Press
21-03-2025
- Business
- Associated Press
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against TFI International Inc. (NYSE: TFII); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
SAN DIEGO, March 21, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired TFI International Inc. (NYSE: TFII) ('TFI' or the 'Company') securities between April 26, 2024 and February 19, 2025 (the 'Class Period'), charging the Company and certain senior executives with violations of the federal securities laws (collectively, 'Defendants'). TFI investors have until May 13, 2025 to seek appointment as lead plaintiff of the TFI class action lawsuit. If you purchased or acquired TFI securities between April 26, 2024 and February 19, 2025, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: You can also contact DiCello Levitt attorneys Brian O'Mara or Ruben Peña by calling (888) 287-9005 or emailing [email protected]. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. Case Allegations TFI is a transportation and logistics company that operates in the United States and Canada. The Company operates through four segments: Package & Courier, Less-than-Truckload ('LTL'), Truckload, and Logistics. TFI derives approximately 43% of its revenue from its LTL segment, which includes TForce Freight, a rebrand of the less-than-truckload and dedicated truckload divisions of United Parcel Service, Inc., that the Company acquired in April 2021. The TFI lawsuit alleges that Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) TFI 'was losing the small and medium-sized' customers; (2) as a result, TFI's TForce Freight revenue was declining; (3) the Company was struggling to manage costs; and (4) these issues negatively impacted the LTL segment's profitability. The truth emerged on February 19, 2025, when TFI announced its fourth quarter and full year 2024 financial results. In a conference call held on the same day to discuss the results, Defendants revealed that TFI was ' losing the small and medium-sized . . . customers, which have the best margin . . . [a]nd this was really accelerated in Q4.' Defendants admitted that ' this is problem number one for ' the Company. Later in the call, Defendants disclosed that ' [p]roblem number two is cost ' and described TFI's efforts to manage the issue as ' working steadily on costs since we bought this company . . . But at the same time, okay, our volume, okay, keeps coming down, right? So it's like you're chasing your tail, like a dog chasing his tail, okay? So this got to stop.' On this news, the price of TFI's common stock fell $26.13 per share, or 20.5%, to close at $101.48 per share on February 20, 2025. About DiCello Levitt At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens' rights and interests. Every day, we put our reputations – and our capital – on the line for our clients. DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal, in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit Attorney Advertising. Prior results do not guarantee a similar outcome. Media Contact Amy Coker 4747 Executive Drive, Suite 240 San Diego, CA 92121 619-963-2426
Associated Press
13-02-2025
- Business
- Associated Press
INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Cardlytics, Inc. (NASDAQ: CDLX); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
SAN DIEGO, Feb. 13, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities who purchased or otherwise acquired Cardlytics, Inc. (NASDAQ: CDLX) ('Cardlytics' or the 'Company') securities between March 14, 2024 and August 7, 2024 (the 'Class Period'), charging the Company and certain current and former senior executives with violations of the federal securities laws (collectively, 'Defendants'). Cardlytics investors have until March 25, 2025 to seek appointment as lead plaintiff of the Cardlytics class action lawsuit. If you purchased or acquired Cardlytics securities between March 14, 2024 and August 7, 2024, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: You can also contact DiCello Levitt attorneys Brian O'Mara or Ruben Peña by calling (888) 287-9005 or emailing [email protected]. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. Case Allegations Cardlytics operates a proprietary advertising platform in the United States and the United Kingdom that analyzes anonymized purchase data to help marketers reach potential purchasers. Using Cardlytics' Ads Decision Engine ('ADE') to identify and target consumers with relevant ads, the Company incentivizes consumers to make purchases from a marketer during specific periods. The Company funds these consumer incentives using a portion of the fees collected from marketers. According to Cardlytics, 'billings is an important indicator for the current health of the business because it directly represents [its] ability to bill customers for [its services] before any Consumer Incentives are paid.' The Cardlytics lawsuit alleges that Defendants issued positive statements about the Company's business, operations, and prospects that were materially misleading and/or lacked a reasonable basis during the Class Period. Specifically, Defendants failed to disclose to investors: (1) Cardlytics' increase in consumer engagement also increased the consumer incentives provided; (2) Cardlytics' billings could not increase proportionately with the higher consumer engagement; (3) that, as a result, Cardlytics faced an increased risk of its revenue growth slowing or declining; and (4) Cardlytics' changes to ADE that caused an increase in consumer engagement also led to the 'under-delivery' of budgets and customers billing estimates. The truth began to emerge on May 8, 2024, when the Company announced that its first quarter 2024 revenue increased only 8% despite a 12% increase in billings. The Company cited a 20.2% increase in Consumer Incentives payments as the cause of the lackluster increase in revenue. On this news, the price of Cardlytics stock fell by $5.33, or 36.5%, to close at $9.27 per share on May 9, 2024. Defendants, however, continued to issue materially misleading statements during the Class Period. Specifically, Defendants touted the ' product changes we're making on ADE, better targeting and optimization of our ranking capabilities . . . This is really driving higher engagement.' The truth was fully revealed on August 7, 2024, when Cardlytics announced its second quarter 2024 financial results, including a 9% year-over-year decrease in revenue. In an earnings call, Defendants admitted that ' [r]evenue decreased due to a combination of lower-than-expected billings, largely due to under-delivery of budgets we have secured, and higher-than-expected consumer incentive payments.' On this news, the price of Cardlytics stock fell by $3.94, or 57.1%, to close at $2.96 per share on August 8, 2024. About DiCello Levitt At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens' rights and interests. Every day, we put our reputations – and our capital – on the line for our clients. DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal, in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit Attorney Advertising. Prior results do not guarantee a similar outcome. Media Contact Amy Coker 4747 Executive Drive, Suite 240 San Diego, CA 92121 619-963-2426
