Get Informed: TELUS International Investors Should Act Before March 2025

Attention TELUS International Investors

TELUS International (Cda) Inc., traded under the ticker symbol TIXT, is currently under scrutiny due to a class action securities lawsuit. The legal representative for this case, Levi & Korsinsky, LLP, announces a critical deadline for investors: March 31, 2025. Anyone who has invested in TELUS International during the period of February 16, 2023, to August 1, 2024, should take immediate action to protect their rights and evaluate potential claims for recovery.

What You Need to Know

The class action lawsuit stems from allegations of securities fraud that adversely affected the investors’ stakes in TELUS International. Specific claims suggest that the company's management may have engaged in practices that misled investors regarding the profitability and operational shifts associated with the company’s AI Data Solutions.

Key Allegations

1. Misleading Statements: The complaint alleges that company officials made false claims about the viability and profitability of their AI offerings. There is an assertion that the transition to AI solutions required the sacrifice of higher-margin traditional services.
2. Profitability Concerns: Evidence suggests that the decline in TELUS International's profitability correlates with an accelerated push towards developing AI capabilities, contrary to reassurances provided to shareholders regarding business stability.
3. Margin Pressure: Reports indicate that the transition toward AI operations has exerted more pressure on profit margins than has been disclosed in public statements, leading to a misrepresentation of the company's financial health.

Steps for Investors

Eligible investors are encouraged to act promptly. Those who believe they have been impacted can reach out to Levi & Korsinsky through various means, including direct email or phone contact with Joseph E. Levi, Esq., at (212) 363-7500. There is also an option to fill out a submission form for further assistance. Importantly, participating in this legal action comes at no cost to the investors, as compensation will be secured without any fees or obligations.

The Road Ahead

Investors must understand that the deadline for submitting a request to be appointed as a lead plaintiff is March 31, 2025. This is a key opportunity for stakeholders who suffered losses during the outlined period to potentially become involved in the recovery process.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a remarkable reputation built over the last two decades, having secured substantial settlements for equally aggrieved shareholders across various industries. Their track record in high-stakes securities litigation speaks volumes, with a dedicated team of over 70 professionals focused on achieving favorable outcomes for clients. This law firm has also been recognized consistently as a top player in securities litigation by ISS Securities Class Action Services.

Investors in TELUS International should not let this opportunity pass. Early engagement can significantly influence the outcome of any recovery efforts. Make your voice heard and ensure your rights are represented in the ongoing proceedings surrounding TELUS International.

Interested stakeholders can reach out to Levi & Korsinsky today to discuss their eligibility and any concerns they may have regarding this class action lawsuit for potential security fraud towards TELUS International. Remember, time is of the essence with the impending deadline approaching.