Important Information for Investors: A Class Action Lawsuit against TELUS International
New York, NY, March 18, 2025 – Levi & Korsinsky, LLP, a leading securities litigation firm, notifies investors in TELUS International (Cda) Inc. (“TELUS International” or the “Company”) (NYSE: TIXT) of a class action securities lawsuit. The lawsuit alleges that TELUS International and certain of its officers and directors violated the Securities Exchange Act of 1934 by making false and misleading statements to the investing public.
Background
TELUS International is a leading digital enablement services company, providing business process solutions, IT services, and digital transformation services to global customers. The Company operates in various industries, including technology, financial services, healthcare, and telecommunications, among others.
Allegations
The complaint alleges that TELUS International and its executives made false and misleading statements regarding the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the defendants failed to disclose material information related to:
- The Company’s revenue recognition practices;
- The impact of the COVID-19 pandemic on the Company’s business;
- The Company’s internal controls over financial reporting;
Impact on Individual Investors
The class action lawsuit may have significant implications for individual investors who purchased TELUS International securities between February 25, 2021, and December 10, 2021. If the allegations are proven true, investors may be entitled to compensation for their losses.
Impact on the World
The lawsuit against TELUS International could have broader implications for the business world. It highlights the importance of transparency and accurate financial reporting, particularly in the technology sector. The case also underscores the need for investors to carefully evaluate the information provided by companies and their executives before making investment decisions.
Conclusion
The class action lawsuit against TELUS International serves as a reminder of the importance of truthful and accurate financial reporting. Investors rely on this information to make informed decisions, and companies have a responsibility to provide accurate and transparent information. The outcome of this lawsuit could have significant implications for both TELUS International and the broader business community.
If you purchased TELUS International securities between February 25, 2021, and December 10, 2021, and wish to discuss your legal options, please contact Levi & Korsinsky, LLP. You can reach us by calling (212) 363-7576 or emailing [email protected].
