1. A class action lawsuit targets TIXT for alleged securities fraud. 2. Claims involve misleading statements about AI solutions' profitability. 3. Investors can seek compensation for losses incurred between Feb 2023 and Aug 2024. 4. Case details suggest pressure on margins linked to AI developments. 5. No costs to participate in the lawsuit for affected investors.
The lawsuit indicates serious allegations of securities fraud that can lead to regulatory scrutiny and diminished investor confidence, similar to historical cases that negatively affected stock prices like Enron and Lehman Brothers during their scandals.
The allegations in the lawsuit directly accuse TIXT of misleading investors and could significantly impact its stock performance, thereby making it a highly relevant issue for current and potential investors.
The immediate impact from the announcement of the lawsuit can lead to a swift reaction in TIXT's stock price as investors reassess risk, as seen in other similar legal situations affecting stock values rapidly.
/PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") (NYSE: TIXT) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of TELUS International investors who were adversely affected by alleged securities fraud between February 16, 2023 and August 1, 2024. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/telus-international-lawsuit-submission-form?prid=133509&wire=4
TIXT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in TELUS International during the relevant time frame, you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP