Important Information for TELUS International (TIXT) Investors: Rosen Law Firm Announces Class Action Lawsuit and Lead Plaintiff Deadline
New York, NY – Rosen Law Firm, a global investor rights law firm, alerts investors of TELUS International, Inc. (TIXT) that the firm has filed a class action lawsuit on behalf of purchasers of the company’s securities between February 16, 2023, and August 1, 2024, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for TELUS International investors under the Securities Exchange Act of 1934.
Background on TELUS International
TELUS International is a leading digital transformation solutions provider with a focus on customer experience, digital strategy, digital engineering, and technology consulting services. The company operates in over 20 countries and serves more than 300 global customers, including Fortune 500 and Global 2000 companies.
Allegations Against TELUS International
The lawsuit alleges that TELUS International and certain of its top executives made materially false and misleading statements regarding the company’s business, operational and financial metrics, including:
- The company’s ability to deliver profitable growth
- The strength of its customer base
- The accuracy of its financial statements
- The effectiveness of its internal controls
The complaint further alleges that defendants failed to disclose known issues with the company’s business and financial condition, including:
- A decline in customer demand due to changing market conditions
- A shift in customer contracts away from the company
- Financial misstatements and accounting irregularities
Effect on Individual Investors
If you purchased TELUS International securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline for this action is March 31, 2025. To participate in this action, you must have purchased TELUS International securities during the Class Period and have suffered a loss as a result. To obtain more information, contact the Rosen Law Firm.
Effect on the World
The consequences of this lawsuit extend beyond TELUS International and its investors. The allegations of financial misstatements and accounting irregularities can undermine investor confidence in the technology sector and the markets as a whole. This, in turn, can lead to decreased investment, reduced economic growth, and increased volatility in the markets.
Conclusion
The Rosen Law Firm encourages TELUS International investors to contact the firm to discuss their potential legal rights and options. The firm represents investors in securities fraud class actions and derivative actions, and has recovered over $1 billion for its clients. If you purchased TELUS International securities during the Class Period, you may be entitled to compensation. Don’t miss the March 31, 2025 lead plaintiff deadline.
This information is not a substitute for legal advice. For more information, contact the Rosen Law Firm.
