#New York #Canada #Levi Korsinsky #TELUS International #TIXT

Investors in TELUS International (Cda) Inc. Urged to Act

In a recent announcement, investors of TELUS International (Cda) Inc. are being advised to reach out to the law firm Levi & Korsinsky, LLP to discuss their rights in relation to a class action securities lawsuit. This legal action is directed at protecting the interests of shareholders in light of alleged securities fraud that occurred between February 16, 2023, and August 1, 2024. This notification signifies a crucial opportunity for affected investors to understand their position and the potential for recovery of losses incurred during the specified timeframe.

Overview of the Lawsuit

The class action lawsuit aims to compensate shareholders who have faced adverse impacts due to purported fraudulent activities. The allegations against the company include serious claims that executives made false statements and concealed information regarding the firm’s business performance, specifically relating to their artificial intelligence (AI) data solutions. Investors have alleged that this shift towards integrating AI into the company’s services has negatively impacted the overall profitability, contrary to the optimistic portrayal by the company's management.

Deceptive Practices and Their Impacts

Some critical points specified in the allegations reveal that:
1. Cannibalization of Services: The company’s AI solutions reportedly cannibalized its higher-margin offerings, which suggests that while pursuing innovation through AI, the company may have compromised on other profitable services.
2. Declining Profitability: The lawsuit contends that the decline in profitability correlates with the company’s ambitious push towards enhancing its AI capabilities, which was not transparently communicated to the investors.
3. Pressure on Margins: There are claims suggesting that the transition to AI exerted greater pressure on profit margins than already disclosed, leading to a misleading narrative about the company’s financial health and operational strategy.

As a result, investors feel that the positive statements made by the executives were misleading and lacked a reasonable basis, which could have influenced their investment decisions.

Next Steps for Investors

For TELUS International investors who believe they may have experienced a loss as a result of these actions, there is a window of opportunity until March 31, 2025, to contact Levi & Korsinsky, LLP. Investors do not need to be lead plaintiffs to participate in any recovery that might be awarded if the class action lawsuit succeeds. This offers a significant opportunity for shareholders to pursue compensation without incurring legal fees of their own.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, with over 20 years in the legal field, has established a reputation for successfully representing investors in complex securities litigation. Their experienced team of over 70 professionals has recovered hundreds of millions for shareholders through high-stakes cases, granting them extensive knowledge and expertise in navigating class action lawsuits. The firm's recognition in the ISS Securities Class Action Services' Top 50 Report further emphasizes their credibility and capability in dealing with such intricate legal matters.

Contact Information

Investors interested in discussing their legal rights should feel free to reach out to Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500. The firm is dedicated to assisting shareholders in understanding the implications of this lawsuit and their eligibility for participating in any recovery effort.

As this situation continues to unfold, affected investors must stay informed and take proactive steps in determining their legal rights and options regarding TELUS International's recent controversies.