Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a class action on behalf of purchasers and acquirers of securities of TELUS International (Cda) Inc. (NYSE: TIXT) between February 16, 2023 and August 1, 2024. TELUS International describes itself as a company that “purports to design, build, and deliver digital solutions for customer experience, including artificial intelligence ('AI') services, cloud solutions, and user experience/user interface design.”

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The Allegations: Rosen Law Firm is Investigating the Allegations that TELUS International (Cda) Inc. (NYSE: TIXT) Misled Investors Regarding its Business Operations.

According to the lawsuit, defendants, throughout the Class Period, failed to disclose to investors that: (1) TELUS International’s AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) TELUS International’s declining profitability was tied to TELUS International’s drive to develop AI capabilities; (3) TELUS International’s shift toward AI put greater pressure on the company’s margins than previously disclosed; and (4) as a result of the foregoing, defendants’ positive statements about TELUS International’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

What Now: You may be eligible to participate in the class action against TELUS International. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by March 31, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

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