Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against TELUS International, Inc.
On March 10, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a leading national securities fraud law firm, announced that a class action lawsuit has been filed against TELUS International, Inc. (“TELUS” or “the Company”) (NYSE: TIXT) and certain of its officers. The lawsuit alleges that the Company and its officers violated the federal securities laws.
Class Definition
The lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired TELUS securities between February 16, 2023, and August 1, 2024, both dates inclusive (the “Class Period”).
Allegations
The complaint alleges that during the Class Period, TELUS and its officers made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the Company failed to disclose: (1) that TELUS’s revenue growth was primarily driven by acquisitions and not organic growth; (2) that the Company was experiencing increased competition and pricing pressure; and (3) that the Company’s financial statements were overstated.
Effect on Individual Investors
If you purchased or otherwise acquired TELUS securities during the Class Period, you may be eligible to participate in this class action lawsuit. You may also be able to seek appointment as a lead plaintiff, which may entitle you to additional benefits and responsibilities. The lead plaintiff helps direct the litigation and makes important decisions, including whether to accept a settlement. To learn more about the lawsuit and your potential eligibility, contact Bronstein, Gewirtz & Grossman, LLC.
Effect on the World
The filing of this class action lawsuit against TELUS International, Inc. may have significant implications for the technology industry, particularly for companies in the business process outsourcing sector. The allegations of misrepresentation and financial statement overstatement could deter investors from trusting the financial reports of similar companies. Furthermore, the lawsuit may lead to increased scrutiny of the business practices of other companies in the sector, potentially leading to regulatory action or further lawsuits.
Conclusion
The filing of this class action lawsuit against TELUS International, Inc. highlights the importance of accurate and transparent financial reporting. The lawsuit alleges that the Company and its officers failed to provide investors with material information, potentially causing significant losses. If you purchased TELUS securities during the Class Period, you may be eligible to participate in the lawsuit. For more information, contact Bronstein, Gewirtz & Grossman, LLC. The outcome of this lawsuit could have far-reaching implications for the technology industry and the business process outsourcing sector.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against TELUS International, Inc.
- Allegations include violations of federal securities laws.
- Class Period: February 16, 2023, to August 1, 2024.
- Effect on individual investors: Eligible to participate in the lawsuit.
- Effect on the world: Implications for technology industry, potential regulatory action.
