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The Gross Law Firm Notifies TELUS International (Cda) Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - TIXT

1. TIXT is facing a class action lawsuit for misleading statements. 2. The lawsuit covers a class period from February 2023 to August 2024. 3. Allegations include undisclosed profitability decline tied to AI offerings. 4. Shareholders are encouraged to seek lead plaintiff status before March 31, 2025. 5. The Gross Law Firm aims to protect investor rights against deceptive practices.

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FAQ

Why Bearish?

The allegations of misleading statements can lower investor confidence. Past similar cases have resulted in stock price declines.

How important is it?

The lawsuit can significantly affect investor sentiment and stock performance. Legal challenges can lead to substantial share price fluctuations.

Why Short Term?

Immediate concern exists due to ongoing legal actions. Resolution of the lawsuit may impact future price movements.

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NEW YORK, Feb. 6, 2025 /PRNewswire/ --

The Gross Law Firm issues the following notice to shareholders of TELUS International (Cda) Inc. (NYSE: TIXT).

Shareholders who purchased shares of TIXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE: https://securitiesclasslaw.com/securities/telus-international-loss-submission-form/?id=127284&from=4

CLASS PERIOD: February 16, 2023 to August 1, 2024

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose 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.

DEADLINE: March 31, 2025

Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/telus-international-loss-submission-form/?id=127284&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of TIXT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE The Gross Law Firm

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