Class Action Lawsuit Filed Against TELUS International: What Investors Need to Know
New York, NY – Pomerantz LLP, a leading securities law firm, has announced the filing of a class action lawsuit against TELUS International (Cda) Inc. (“Telus” or the “Company”) (NYSE: TIXT) on behalf of investors who purchased or otherwise acquired Telus securities between February 23, 2021, and February 24, 2025. The complaint alleges that the Company and certain of its executives violated the Securities Exchange Act of 1934.
Alleged Misstatements and Omissions
The complaint alleges that the defendants made materially false and misleading statements regarding the Company’s business, operational and financial metrics, and its ability to meet its financial guidance. Specifically, the complaint alleges that Telus failed to disclose: (i) that it was experiencing increased competition in its business segments, (ii) that it was experiencing higher-than-anticipated costs associated with its expansion efforts, and (iii) that its financial results would be negatively impacted by these issues.
Impact on Investors
As a result of these alleged misstatements and omissions, Telus securities traded at artificially inflated prices between February 23, 2021, and February 24, 2025. When the truth was revealed, the price of Telus securities fell significantly.
Impact on the World
The filing of this class action lawsuit against Telus may have far-reaching implications for the business process outsourcing (BPO) industry as a whole. The allegations made in the complaint, if proven true, could signal a shift in investor sentiment towards companies in this sector, potentially leading to increased scrutiny and more stringent disclosures. Furthermore, the lawsuit may result in increased regulatory attention on the industry and potential changes to regulatory frameworks.
Next Steps for Investors
If you are a Telus investor and believe that you have suffered a loss as a result of the alleged misstatements and omissions made by the Company, you may be entitled to recover your losses. You may contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW) for a free consultation.
- Investors may be entitled to recover their losses if they purchased Telus securities between February 23, 2021, and February 24, 2025.
- The complaint alleges that Telus and certain executives violated the Securities Exchange Act of 1934.
- The filing of this class action lawsuit may have implications for the BPO industry as a whole.
- Investors are encouraged to contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW) for a free consultation.
Conclusion
The filing of this class action lawsuit against TELUS International marks a significant development for investors in the business process outsourcing sector. The allegations made in the complaint, if proven true, could have far-reaching implications for the industry and potentially lead to increased scrutiny and regulatory attention. If you are a Telus investor and believe that you have suffered losses as a result of the alleged misstatements and omissions made by the Company, you may be entitled to recover your losses. For a free consultation, please contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW).
Pomerantz LLP is committed to advancing the interests of its clients and protecting their investments. The Firm has a long and distinguished history of recovering significant damages for investors in securities class actions and derivative lawsuits.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. This press release is not a solicitation for business or an offer, and it is not intended to transmit any specific or individualized legal advice, or create an attorney-client relationship. Pomerantz LLP is headquartered in New York, New York.
