Important Information for TELUS International Investors: Class Action Lawsuit Deadline Approaching
New York, NY – March 18, 2025
The law firm of Kirby McInerney LLP is reminding investors of the approaching deadline to apply for the role of lead plaintiff in a class action lawsuit against TELUS International (Cda) Inc. (TIXT). The lawsuit was filed in the U.S. District Court for the Southern District of New York and pertains to investors who purchased TELUS securities during the period from February 16, 2024, through August 1, 2024 (the “Class Period”).
Background
TELUS International is a leading digital enabling and business process solutions company. During the Class Period, the company reported strong financial performance and positive business developments, leading to an increase in its stock price. However, on August 4, 2024, the company disclosed that its financial statements for the previous year contained errors, which resulted in a restatement of its financial results.
Class Action Lawsuit Allegations
The class action lawsuit alleges that TELUS and certain of its executives made false and misleading statements regarding the Company’s financial condition and business operations during the Class Period. The complaint asserts that the defendants failed to disclose material information about the errors in TELUS’ financial statements, which led to artificially inflated stock prices.
Effect on Individual Investors
If you acquired TELUS securities during the Class Period and suffered losses, you may be eligible to recover your damages. As a lead plaintiff, you may be entitled to a larger share of the recovery. The deadline to apply for lead plaintiff status is March 31, 2025. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests, please contact Kirby McInerney LLP by email at [[email protected]](mailto:[email protected]) or by filling out this form on our website: https://www.kmcllp.com/securities/telus-international-class-action-lawsuit
Effect on the World
The outcome of this class action lawsuit could have significant implications for investors, particularly those in the technology sector. If the allegations are proven true, it may serve as a reminder for companies to ensure the accuracy of their financial reporting and disclosures. Additionally, it could potentially impact investor confidence in TELUS and the technology industry as a whole.
Conclusion
If you are a TELUS International investor who purchased securities during the Class Period, it is important to be aware of the March 31, 2025, deadline to apply for lead plaintiff status in the class action lawsuit. The outcome of this lawsuit could result in significant damages for affected investors and could have broader implications for the technology sector. For more information, please contact Kirby McInerney LLP.
- Class Action Lawsuit Filed Against TELUS International
- Deadline to Apply for Lead Plaintiff Status: March 31, 2025
- Contact Kirby McInerney LLP for More Information
