Important Information for TELUS International (TIXT) Investors: Rosen Law Firm Reminds of Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY, February 19, 2025 – Rosen Law Firm, a leading global investor rights law firm, reminds purchasers of TELUS International (TIXT) securities between February 16, 2023, and August 1, 2024 (the “Class Period”), of the upcoming important deadline in the securities class action lawsuit against the company. The deadline for lead plaintiff eligibility is approaching, and interested investors are encouraged to contact the firm before March 31, 2025.
Background on the Class Action Lawsuit against TELUS International
The class action lawsuit alleges that TELUS International and certain of its top executives made false and misleading statements and failed to disclose material information to investors during the Class Period. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that:
- TIXT was experiencing significant operational challenges, including increased competition and labor shortages, which were negatively impacting the company’s financial performance;
- TIXT was experiencing increased costs due to its acquisition strategy, which was not being effectively integrated into the company’s operations;
- TIXT’s financial statements were not accurately reflecting the company’s financial condition, and the defendants failed to disclose material weaknesses in the company’s internal controls;
As a result of these alleged false and misleading statements, TELUS International’s stock traded at artificially inflated prices during the Class Period, causing investors harm.
Impact on Individual Investors
If you purchased TELUS International securities during the Class Period and suffered a loss, you may be eligible to join the class action lawsuit as a lead plaintiff. The lead plaintiff is a representative party acting on behalf of other class members in the lawsuit. The lead plaintiff will be in charge of making important decisions, including whether to accept a settlement or proceed to trial. If you wish to serve as the lead plaintiff, you must meet certain eligibility requirements and file your application before the lead plaintiff deadline of March 31, 2025.
Impact on the World
The securities class action lawsuit against TELUS International is significant because it highlights the importance of transparency and accuracy in financial reporting. Companies have a legal and ethical obligation to provide investors with accurate and timely information about their financial condition and business operations. When companies fail to do so, they can face legal consequences that can negatively impact investors and the broader financial markets.
Conclusion
If you purchased TELUS International securities during the Class Period and suffered a loss, you may be eligible to join the securities class action lawsuit against the company. The lead plaintiff deadline is approaching, and interested investors are encouraged to contact Rosen Law Firm before March 31, 2025, to learn more about their options. The lawsuit alleges that TELUS International and certain executives made false and misleading statements and failed to disclose material information to investors, causing artificially inflated stock prices and resulting in significant losses for investors. As a reminder, the securities class action lawsuit is an important reminder of the need for transparency and accuracy in financial reporting, and it highlights the potential consequences for companies and investors alike when this information is not provided.
If you have any questions or concerns, please contact Kimberly Butcher or Danielle Foley at 866-767-3653 or via email at [[email protected]](mailto:[email protected]) or [[email protected]](mailto:[email protected]).
