Class Action Lawsuit Notification for TELUS International Investors - Key Dates and Details

Notice for TELUS International Investors


The Gross Law Firm has recently informed shareholders of TELUS International (Cda) Inc. regarding an impending class action lawsuit. This notice is essential for shareholders who purchased shares during the specified class period.

Class Period Details

The class period for this lawsuit extends from February 16, 2023, to August 1, 2024. Shareholders who bought shares of TIXT within this timeframe are encouraged to connect with the firm as a part of the lead plaintiff application process. Notably, being appointed as a lead plaintiff is not mandatory for pursuing recovery from the lawsuit.

Allegations

The lawsuit revolves around several allegations against the company. It claims that TIXT's management misled investors in multiple ways:
1. It is alleged that the company’s AI Data Solutions required the reduction in its higher-margin offerings.
2. The declining profitability of TELUS International is said to be closely linked to its aggressive push towards AI capability development.
3. The shift towards AI is purported to have increased pressure on the company’s profit margins beyond what had been previously disclosed.
4. Consequently, the optimistic statements made by defendants about TIXT's operations and prospects allegedly lack a solid basis and mislead shareholders.

Important Deadlines

The deadline for shareholders to register for this class action and potentially act as lead plaintiffs is March 31, 2025. Therefore, it is crucial for those affected not to delay their registration. Interested shareholders can submit their information through the provided link to ensure their participation in the case.

Steps Forward for Shareholders

Upon registration, shareholders will gain access to portfolio monitoring software that provides updates on the case's progression throughout its lifecycle. This service is free of charge and carries no additional obligations. Moreover, The Gross Law Firm is committed to safeguarding the rights of investors who have incurred losses due to misleading actions or statements from the involved companies.

Why Choose The Gross Law Firm?

The Gross Law Firm is a nationally recognized class action law firm, dedicated to protecting investors' rights. The firm emphasizes the importance of ethical corporate behavior and holds companies accountable for fraudulent practices. Their goal is to recover losses for shareholders who have suffered due to the manipulation of stock prices caused by misleading statements or the lack of necessary disclosures from the company.

For additional information, shareholders can reach out to The Gross Law Firm at their office located at 15 West 38th Street, 12th Floor, New York, NY 10018, through email at [email protected], or by phone at 646-453-8903.

Conclusion


As the deadline approaches, it is vital for TELUS International shareholders to remain informed about their rights and the proceedings of this class action lawsuit. Timely registration can significantly impact the potential recovery from any losses incurred. Investors are encouraged to act promptly and seek guidance to fully understand their options moving forward.

Stay tuned for further updates on this matter and ensure your voice is heard during the legal process.

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