Class Action Lawsuit Filed Against TELUS International Inc. for Securities Violations
On February 28, 2025, The Schall Law Firm, a renowned national shareholder rights litigation firm, announced that it is investigating potential securities laws violations by TELUS International (Cda) Inc. (“Telus” or “the Company”) (NYSE: TIXT). The investigation focuses on whether the Company and its executives violated U.S. Securities Exchange Act of 1934 Sections 10(b) and 20(a) and Rule 10b-5 during the period from February 16, 2023 to August 01, 2024 (the “Class Period”).
Background on TELUS International
Telus is a leading digital customer experience (CX) innovator that designs, builds, and delivers next-gen solutions for global brands. Its services include digital transformation, customer experience management, digital learning, and AI and analytic solutions. Headquartered in Vancouver, Canada, Telus operates in over 30 countries and employs around 60,000 team members.
The Alleged Securities Violations
The Schall Law Firm’s investigation focuses on whether Telus made false and misleading statements and/or failed to disclose material information during the Class Period. Specifically, the firm suspects that the Company and its executives may have:
- Downplayed or failed to disclose the impact of the COVID-19 pandemic on its business and financial condition
- Failed to disclose issues with the Company’s business model, including its reliance on a few large clients and its ability to maintain revenue growth
- Failed to disclose the true reasons behind certain executive departures
Impact on Individual Investors
If the allegations in the class action lawsuit are proven, Telus’s investors who purchased the Company’s securities during the Class Period may be eligible to recover their losses through the litigation process. The Schall Law Firm encourages investors to contact them before March 31, 2025, to discuss their potential remedies.
Global Implications
The implications of this class action lawsuit extend beyond Telus’s shareholders. The allegations, if proven, could potentially impact the broader business community and the technology industry as a whole. They may raise questions about transparency, corporate governance, and risk management practices, particularly in the context of the ongoing COVID-19 pandemic.
Conclusion
The class action lawsuit against Telus International Inc. for securities violations is an important development that could have far-reaching implications for the Company, its investors, and the broader business community. As the investigation unfolds, it is crucial for all stakeholders to stay informed about the latest developments. For more information, investors are encouraged to contact The Schall Law Firm.
Through this blog post, we have provided a detailed overview of the class action lawsuit against Telus, its potential implications for individual investors, and the broader consequences for the business world. Stay tuned for updates on this developing story.
