#United States #New York #Gross Law Firm #TELUS International #TIXT

The Gross Law Firm Alerts TELUS International Shareholders

In a recent announcement, The Gross Law Firm has reminded shareholders of TELUS International (Cda) Inc. (NYSE: TIXT) about an important lead plaintiff deadline related to a class-action lawsuit. This deadline is set for March 31, 2025, and it concerns shareholders who purchased shares during a specified time frame.

Background on the Lawsuit

The lawsuit revolves around claims that during the class period, which extends from February 16, 2023, to August 1, 2024, there were materially false or misleading statements made by the company's executives. These statements allegedly pertained to the financial impacts of the company's drive towards developing AI capabilities.

Allegations against TELUS International

The specific allegations include:
1. Cannibalization of Revenue: The company's push into AI Data Solutions was said to necessitate the cannibalization of its higher-margin offerings.
2. Profitability Decline: There were concerns that TELUS International's declining profitability was directly linked to this AI development drive, placing unexpected pressure on profit margins.
3. Misleading Statements: It is claimed that the misleading statements made by the defendants gave a false impression about the company's overall business health and future prospects.
4. Inconsistency in Disclosures: The lawsuit suggests the lack of adequate disclosure regarding the financial risks associated with this significant shift towards AI, thus misleading investors.

Importance of Acting Promptly

Shareholders are urged not to delay in registering for this case. Appointment as a lead plaintiff is not necessary to recover losses; however, to ensure participation, registration is essential. Interested parties can submit their information through the provided links.

Next Steps for Investors

Once registered, investors will receive periodic updates regarding the case's progress through a portfolio monitoring software. This service is provided without any cost or obligation to the shareholders.

The role of The Gross Law Firm

The Gross Law Firm has established its reputation as a leading class action law firm dedicated to safeguarding the rights of investors. Their goal is to address situations where deceitful or fraudulent practices lead to losses for stakeholders. By seeking recovery for those impacted, the firm strives to foster responsible business conduct and promote good corporate citizenship.

For shareholders who have suffered losses during this period due to misleading corporate practices, this is an essential opportunity to claim your rights. The firm emphasizes its commitment to ensuring that companies adhere to ethical business practices and comply with legal standards.

Contact Information

For those looking to reach out or inquire further, The Gross Law Firm can be contacted at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: inquiry@grosslawfirm.com
• - Phone: (646) 453-8903

In conclusion, for TELUS International stakeholders impacted during the class period, the March 31, 2025 deadline is crucial for potential recovery. It is vital to act swiftly to be part of this significant legal action.