Investors Urged to Join TELUS International Securities Fraud Class Action by Rosen Law Firm

Investors Affected by TELUS International Securities Fraud

As investors of TELUS International (Cda) Inc. brace for upcoming legal proceedings, the Rosen Law Firm, a prominent global law firm dedicated to investor rights, has issued a crucial reminder relating to a securities fraud lawsuit. The firm calls upon individuals who purchased TELUS securities between February 16, 2023, and August 1, 2024, to consider joining the class action lawsuit that has already been initiated against the company.

Understanding the Legal Context

The deadline for leading plaintiffs in this case is set for March 31, 2025. This is a significant date for potential class members, as it marks the last opportunity to step forward as representatives in the litigation. The Rosen Law Firm emphasizes that individuals who acquired TELUS securities during the specified class period could qualify for compensation without incurring out-of-pocket expenses through a contingency fee arrangement.

What Investors Need to Know

Those wishing to join the class action can do so by visiting the firm’s website or contacting Phillip Kim, Esq., directly. The legal document indicates that potential plaintiffs not only have the chance to recoup their investments but also to play an active role in holding the company accountable for its alleged wrongdoing.

Allegations Against TELUS International

Central to the class action are serious allegations that TELUS International misled investors regarding its performance and financial integrity. Specifically, the lawsuit states that throughout the class period, the defendants neglected to disclose critical information about the company’s financial status. Among the claims are assertions that TELUS's ventures into AI Data Solutions cannibalized its more profitable offerings, causing a decline in overall profitability and unfairly positioning the firm’s true financial health.

In addition, it is alleged that the shift toward AI-focused operations increased margin pressures significantly, compared to previous disclosures made to investors. As a result, statements made by TELUS regarding its business operations, prospects, and overall market standing contained material misrepresentations that led to investor losses once the true nature of the situation came to light.

The Importance of Legal Representation

The Rosen Law Firm urges affected investors to select competent legal representation with a proven history of success in securities law. This recommendation stems from an extensive record wherein the firm achieved landmark settlements, including the largest securities class action settlement against a Chinese firm at the time. Since 2013, the firm has consistently ranked among the top in terms of settlements achieved, with over $438 million secured for investors in 2019 alone.

Additionally, Laurence Rosen, the founding partner, has been recognized as a Titan of the Plaintiffs' Bar, solidifying the firm’s reputation as a reliable advocate for investors across the globe.

Moving Forward: Class Action Participation

For those contemplating participation in this class action, it is essential to recognize that no class has yet been certified. This means that until such certification is granted, individuals are not represented by counsel unless they actively retain one. Therefore, there are options for investors: they can choose to pursue representation, remain silent as class members, or act as lead plaintiffs if they meet the necessary criteria.

How to Stay Informed

Investors seeking updates on this case are encouraged to follow the Rosen Law Firm on various social media platforms, including LinkedIn, Twitter, and Facebook. These channels will provide ongoing updates about the lawsuit and related legal actions. For inquiries or further assistance, the law firm provides multiple contact options, ensuring that investors feel supported throughout the process.

In summary, the opportunity for investors in TELUS International to assert their rights in the face of alleged fraud is at hand. The reminder from the Rosen Law Firm serves as both a call to action and a critical update for those affected by the unfolding events surrounding TELUS International’s securities operations.