Kaplan Fox Alerts Investors to a Deadline for a Securities Fraud Class Action Lawsuit Against TELUS International (Cda) Inc. (TIXT)

March 29, 2025 at 08:00 AM EDT

NEW YORK - March 29, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against TELUS International (Cda) Inc. (“Telus International” or the “Company”) (NYSE: TIXT), a company that provides digital customer experience solutions, on behalf of investors that purchased or otherwise acquired Telus International securities between February 16, 2023 and August 1, 2024 (the “Class Period”).

CLICK HERE TO JOIN THE CASE

If you are an investor in Telus International and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than March 31, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

According to the complaint, throughout the Class Period, defendants made false and misleading statements that failed to disclose that Telus International's shift toward Artificial Intelligence (“AI”) put great pressure on the Company's margins and that the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings. Thus, unknown to investors, Telus International's declining profitability was tied to the Company's AI development.

On May 9, 2024, before the markets opened, Telus International announced in a press release for the first quarter of 2024 that the company was experiencing declining revenue. During the subsequent earnings call, an analyst asked for clarification on “what margins should look like on a go-forward basis” as margins “were down year-over-year and [] were below the full year guidance.” According to the complaint, the Chief Financial Officer, Gopi Chande, then revealed that the margins generated by the Company’s AI offerings “can be a bit below average.”

Following this news, the price of Telus International stock fell $1.41, over 18%, to close at $6.36 per share on May 9, 2024.

Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation, including a $15 million year-over-year revenue decrease for the quarter. The Company also disclosed that the President and Chief Executive Officer, Jeff Puritt, would retire effective September 3, 2024.

On this news, the price of Telus International stock fell $2.33, nearly 36%, to close at $4.15 per share on August 2, 2024.

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/telus-international-inc/

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Kaplan Fox Alerts Investors to a Deadline for a Securities Fraud Class Action Lawsuit Against TELUS International (Cda) Inc. (TIXT)

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