Class Action Lawsuit Filed Against TELUS International Inc. for Securities Violations
On February 25, 2025, The Schall Law Firm announced that it had filed a class action lawsuit against TELUS International (Cda) Inc. (“Telus” or “the Company”) (NYSE: TIXT) in the United States District Court for the Southern District of New York. The lawsuit alleges that the Company violated ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Class Period and Eligible Investors
The class action lawsuit covers investors who purchased Telus securities between February 16, 2023, and August 01, 2024, inclusive (the “Class Period”).
Allegations of Securities Violations
The complaint alleges that Telus made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the Company is accused of downplaying the impact of certain business developments on its financial performance and failing to disclose the true extent of its exposure to certain risks.
Impact on Individual Investors
If you purchased Telus securities during the Class Period and suffered losses, you may be eligible to join the class action lawsuit as a lead plaintiff. As a lead plaintiff, you would be responsible for helping to direct the litigation and potentially recovering more significant damages than other class members.
- To be eligible to join the class action, you must have purchased Telus securities during the Class Period.
- You must also have suffered financial losses as a result of your investments in Telus securities.
- If you meet these requirements, you can join the class action by contacting The Schall Law Firm before March 31, 2025.
Impact on the World
The class action lawsuit against Telus is significant because it highlights the importance of transparency and accuracy in corporate disclosures. Companies have a legal and ethical obligation to provide investors with timely and accurate information about their financial performance and risks.
The lawsuit may also have a ripple effect on the broader market. Investors rely on accurate and timely information to make informed investment decisions. When companies fail to disclose material information, it can lead to market inefficiencies, increased volatility, and a loss of confidence in the stock market as a whole.
Conclusion
The class action lawsuit against Telus is an important reminder of the importance of transparency and accuracy in corporate disclosures. If you purchased Telus securities during the Class Period and suffered losses, you may be eligible to join the class action lawsuit. Contact The Schall Law Firm before March 31, 2025, to learn more about your rights and potential recovery.
Regardless of whether or not you are an investor in Telus, the lawsuit serves as a reminder of the importance of staying informed about the companies in which you invest and the potential risks they face. By staying informed and demanding transparency from companies, we can help to ensure a more efficient and fair market for all investors.
