Important Information for TELUS International Investors: Class Action Lawsuit Announced
New York, NY – March 21, 2025
Levi & Korsinsky, LLP, a renowned securities litigation firm, has announced that a class action lawsuit has been commenced on behalf of investors in TELUS International, Inc. (“TELUS International” or the “Company”) (NYSE: TIXT). The lawsuit alleges securities fraud against the Company and certain of its top executives.
Class Definition:
The lawsuit seeks to recover damages on behalf of TELUS International investors who purchased or otherwise acquired the Company’s securities between February 16, 2023, and August 1, 2024. Investors may be entitled to recover their losses if they can demonstrate that they relied on materially false and misleading statements made by TELUS International and its executives during the Class Period.
Background:
According to the complaint, TELUS International and certain of 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 adverse business trends, declining revenue growth, and deteriorating financial performance.
Impact on Individual Investors:
The lawsuit alleges that TELUS International’s misrepresentations artificially inflated the price of the Company’s securities, causing investors to purchase shares at artificially inflated prices. As a result, investors who purchased TELUS International securities during the Class Period may have suffered significant losses.
Impact on the World:
The impact of this lawsuit extends beyond individual investors. TELUS International is a leading provider of digital and IT services, employing over 50,000 employees across the globe. The Company’s misrepresentations could potentially damage its reputation and erode investor confidence, making it more difficult for the Company to attract new investors and secure financing in the future.
Next Steps:
If you purchased TELUS International securities during the Class Period, you may wish to seek legal advice to determine whether you are eligible to recover your losses. Levi & Korsinsky, LLP encourages investors to contact the firm as soon as possible: Joseph E. Levi, Esq. or Katherine Korsinsky, Esq. at 212-363-7576. You can also contact the firm by submitting a form on its website at mailto:[email protected].
The deadline to seek inclusion in the lead plaintiff class is approaching, so it’s important for investors to act quickly if they believe they may be entitled to recover their losses.
Conclusion:
The announcement of a class action lawsuit against TELUS International highlights the importance of accurate and transparent disclosures by publicly traded companies. Investors who purchased TELUS International securities during the Class Period may have suffered significant losses as a result of the Company’s alleged securities fraud. If you believe you may be eligible to recover your losses, contact Levi & Korsinsky, LLP as soon as possible to discuss your options.
- Levi & Korsinsky, LLP announces class action lawsuit against TELUS International, Inc.
- Allegations of securities fraud against Company and executives.
- Class Period: February 16, 2023 – August 1, 2024.
- Individual investors may be entitled to recover losses.
- Impact on reputation and investor confidence.
- Contact Levi & Korsinsky, LLP for more information.
