Important Information for Investors of TELUS International (TIXT): Rosen Law Firm Reminds Investors of the Upcoming Lead Plaintiff Deadline
On March 21, 2025, Rosen Law Firm, a global investor rights law firm, issued a press release reminding purchasers of securities of TELUS International (TIXT) between February 16, 2023, and August 1, 2024 (the “Class Period”), of the important March 31, 2025, lead plaintiff deadline in a securities class action lawsuit. The lawsuit alleges that TELUS International and certain of its officers and directors violated the Securities Exchange Act of 1934 by making materially false and misleading statements and omitting material information regarding the company’s business, operations, and financial condition.
Background on the Lawsuit
According to the complaint, defendants made false and misleading statements and failed to disclose that:
- TIXT was experiencing significant customer attrition and declining revenue growth;
- The company was experiencing operational challenges in its European business;
- TIXT was experiencing increased competition in the outsourcing industry;
- The company was experiencing increased costs due to labor shortages and wage inflation;
As a result of the above-mentioned misrepresentations and omissions, TELUS International’s stock traded at artificially inflated prices during the Class Period, causing investors harm.
Effect on Individual Investors
If you purchased TELUS International securities during the Class Period and have suffered a loss, you may be eligible to act as a lead plaintiff in the securities class action lawsuit. As a lead plaintiff, you may be able to sit alongside the law firm during court proceedings, make important decisions regarding the litigation, and potentially recover more significant damages than other investors. To join the lawsuit, you must file a motion with the court no later than March 31, 2025.
Effect on the World
The lawsuit against TELUS International highlights the importance of transparency and honesty in corporate reporting. Misrepresentations and omissions in securities filings can negatively impact the investing public and undermine trust in the financial markets. Shareholder class action lawsuits serve as a crucial mechanism for holding corporations and their executives accountable for their actions and ensuring that investors are adequately informed.
Conclusion
The Rosen Law Firm’s press release serves as a reminder to investors to closely monitor their investments and be aware of potential misrepresentations and omissions in corporate reporting. If you purchased TELUS International securities during the Class Period and have suffered a loss, you may be entitled to participate in the securities class action lawsuit. Contact Rosen Law Firm for more information about the lead plaintiff deadline and how to join the lawsuit.
The lawsuit also underscores the importance of transparency and honesty in corporate reporting for the overall health and integrity of the financial markets. As investors, it is crucial that we remain vigilant and demand accurate and complete information from the companies we invest in.
For more information, please contact:
Laurence J. Rosen, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
