Class Action Lawsuit Filed Against TELUS International Inc.: A Detailed Explanation
On March 17, 2025, The Schall Law Firm, a renowned national shareholder rights litigation firm, took legal action against TELUS International (Cda) Inc. (“Telus” or “the Company”) for alleged securities law violations. The lawsuit, filed with the U.S. District Court for the Southern District of New York, accuses Telus of violating 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.
Background
Telus is a leading digital enablement services company, providing customer experience (CX), tech support, and back-office services. The Company operates in over 50 countries and serves more than 400 global clients. The class action lawsuit alleges that Telus and certain of its executives made false and misleading statements regarding the Company’s business, operations, and financial condition during the class period, which was between February 16, 2023, and August 01, 2024.
The Allegations
According to the lawsuit, Telus’ executives failed to disclose material information related to the Company’s business, including:
- Weakness in the Company’s business fundamentals
- Significant declines in revenue and earnings
- Reduced demand for the Company’s services
- Increased competition and pricing pressures
- Client losses and cancellations
As a result, the lawsuit alleges, Telus’ stock traded at artificially inflated prices during the class period. Following the release of the truth, however, the price of Telus’ securities dropped significantly.
Impact on Investors
If you purchased Telus’ securities during the class period, you may be eligible to join the class action lawsuit as a lead plaintiff. The Schall Law Firm encourages you to contact the firm before March 31, 2025, to discuss your legal rights and potential remedies. The lead plaintiff is the party that initiates the lawsuit and represents the interests of the class. The Schall Law Firm will continue to investigate the allegations against Telus and update the public with any new information.
Impact on the World
The class action lawsuit against Telus is significant, as it highlights the importance of transparency and honesty in corporate reporting. Securities fraud can lead to financial losses for individual investors and can also harm the reputation of the companies involved. The lawsuit also underscores the need for effective regulatory oversight and the role of shareholder rights litigation in holding companies accountable for their actions.
Conclusion
The class action lawsuit filed against TELUS International Inc. by The Schall Law Firm is a reminder of the importance of accurate and timely disclosure in the business world. If you purchased Telus’ securities during the class period, you may be eligible to join the lawsuit and seek compensation for your losses. The case also emphasizes the role of regulatory bodies and shareholder rights litigation in ensuring corporate transparency and accountability. Stay informed and stay protected as a responsible investor.
Disclaimer: This blog post is not legal advice and does not create an attorney-client relationship. If you have any questions about this article or any legal matter, you should consult with an attorney.
