The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 31, 2025 in TELUS International (Cda) Inc. Lawsuit - TIXT

1. Shareholders are encouraged to join a class-action lawsuit against TIXT. 2. The lawsuit alleges misleading statements about AI solutions affecting profitability. 3. TIXT's shift to AI purportedly cannibalized higher-margin offerings. 4. The class period for the lawsuit is from February 2023 to August 2024. 5. The deadline for lead plaintiff application is March 31, 2025.

Legal

75

4m saved

Insight

Article

FAQ

Why Bearish?

The lawsuit indicates potential financial mismanagement and misinformation, likely impacting investor confidence negatively. Historically, lawsuits of this nature often lead to declines in stock value, as seen in other tech firms facing similar allegations.

How important is it?

The class-action lawsuit directly pertains to financial disclosures and operational practices, which are critical for stock valuation. Its implications could lead to increased scrutiny and reduced confidence in TIXT’s management.

Why Short Term?

The immediate effects of the lawsuit could lead to stock price volatility until resolution. Previous similar cases have resulted in swift market reactions, affecting stock prices shortly after news breaks.

Related Companies

TELUS GOOG MSFT

NEW YORK, March 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=134044&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=134044&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