Faruqi & Faruqi, LLP: Telus International Securities Investigation
Faruqi & Faruqi, LLP, a distinguished law firm with a focus on securities litigation, is currently investigating potential claims against TELUS International (Cda) Inc. (Telus International or the Company) regarding alleged securities law violations. The investigation comes after a federal securities class action was filed against the Company.
Investor Information
If you are an investor in Telus International and purchased or acquired the securities of the Company between February 16, 2023, and August 1, 2024, you may be eligible to join the class action and potentially recover your losses. To discuss your legal rights and options, contact Faruqi & Faruqi partner, Josh Wilson, directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Background
Telus International is a leading digital customer experience (CX) innovator that designs, builds, and delivers next-gen solutions for the world’s leading brands. The Company operates in various industries, including travel and hospitality, technology and games, communications and media, financial services, and healthcare.
Investigation Details
The investigation focuses on whether Telus International and certain of its executives and directors violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information to investors. The alleged misstatements and omissions relate to the Company’s business, financial condition, and prospects.
Important Deadline
Investors who purchased or acquired Telus International securities between the aforementioned dates have until March 31, 2025, to apply for lead plaintiff status in this class action. Lead plaintiff status is usually given to the investor with the largest financial investment in the affected securities. This investor is then responsible for representing the class and making important decisions regarding the litigation.
Impact on Individual Investors
If the allegations against Telus International are proven, investors who purchased or acquired the Company’s securities during the specified timeframe may be able to recover their losses through the securities class action. The size of potential recoveries will depend on the number of shares purchased, the price paid, and the outcome of the case.
Impact on the World
- Increased Scrutiny on Corporate Disclosures: The investigation and potential class action may lead to heightened scrutiny on corporate disclosures, particularly within the technology and communications industries.
- Investor Protection: The case underscores the importance of investor protection and the role of securities law in safeguarding investors’ interests.
- Potential Ripple Effect: The outcome of this case could potentially influence other securities investigations and litigations.
Conclusion
Faruqi & Faruqi, LLP’s investigation into Telus International is an important step towards holding the Company accountable for any potential securities law violations. If you are an investor in Telus International and believe you may have suffered losses, contact Faruqi & Faruqi partner Josh Wilson directly to discuss your options and potential recovery.
As a responsible and knowledgeable investor, it is crucial to stay informed about ongoing investigations and potential class actions. By doing so, you can make informed decisions regarding your investment portfolio and protect your financial interests.
