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TIXT LAWSUIT ALERT: The Gross Law Firm Notifies TELUS International (Cda) Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
GlobeNewswire News Room· 2025-03-17 18:33
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TELUS International (Cda) Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's AI Data Solutions and its impact on profitability [1][3]. Allegations - The complaint alleges that during the class period from February 16, 2023, to August 1, 2024, the company made materially false and/or misleading statements [3]. - Specific allegations include that the AI Data Solutions offerings required the cannibalization of higher-margin offerings, leading to declining profitability [3]. - It is claimed that the shift toward AI placed greater pressure on the company's margins than previously disclosed [3]. - As a result, the positive statements made by the defendants about the company's business and prospects were materially misleading [3]. Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of March 31, 2025, to seek lead plaintiff status [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Class Action Filed Against TELUS International (Cda) Inc. (TIXT) Seeking Recovery for Investors – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-03-13 17:01
Core Viewpoint - TELUS International is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 16, 2023, and August 1, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that TELUS International made false statements regarding its AI Data Solutions, which required the cannibalization of higher-margin offerings [2]. - It is alleged that the company's declining profitability was linked to its focus on developing AI capabilities, which exerted greater pressure on margins than previously disclosed [2]. - Positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Contact The Gross Law Firm by March 31, 2025 Deadline to Join Class Action Against TELUS International (Cda) Inc.(TIXT)
Prnewswire· 2025-03-13 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of TELUS International (Cda) Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business operations and profitability during a specified class period [1]. Group 1: Allegations - The complaint alleges that TELUS International's AI Data Solutions offerings required the cannibalization of its higher-margin offerings [1]. - It is claimed that the company's declining profitability was linked to its efforts to develop AI capabilities [1]. - The shift towards AI is said to have put greater pressure on the company's margins than previously disclosed [1]. - As a result of these factors, the positive statements made by the defendants about the company's business and prospects were materially misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 16, 2023, to August 1, 2024 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action by March 31, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors who have suffered due to deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses from misleading statements [3].
Lost Money on TELUS International (Cda) Inc. (TIXT)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-03-10 17:11
Core Viewpoint - A class action securities lawsuit has been filed against TELUS International, alleging securities fraud that negatively impacted investors between February 16, 2023, and August 1, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that TELUS International made false statements regarding its AI Data Solutions, which required the cannibalization of higher-margin offerings [2]. - It is alleged that the company's declining profitability was linked to its focus on developing AI capabilities, which exerted greater pressure on margins than previously disclosed [2]. - The positive statements made by the defendants about the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Levi & Korsinsky Notifies Shareholders of TELUS International (Cda) Inc. (TIXT) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-03-07 18:52
Core Viewpoint - TELUS International is facing a class action securities lawsuit due to alleged securities fraud that affected investors between February 16, 2023, and August 1, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that TELUS International made false statements regarding its AI Data Solutions, which required the cannibalization of higher-margin offerings [2]. - It is alleged that the company's declining profitability was linked to its efforts to develop AI capabilities, which put additional pressure on margins [2]. - Positive statements made by the defendants about the company's business and prospects were misleading and lacked a reasonable basis due to the aforementioned issues [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Investors who lost money on TELUS International (Cda) Inc.(TIXT) should contact Levi & Korsinsky about pending Class Action - TIXT
Prnewswire· 2025-03-04 10:45
NEW YORK, March 4, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") (NYSE: TIXT) of a class action securities lawsuit.CLASS DEFINITION: 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/pslr ...
Class Action Filed Against TELUS International (Cda) Inc. (TIXT) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-02-28 10:45
NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") (NYSE: TIXT) of a class action securities lawsuit.CLASS DEFINITION: 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/pslr ...
Shareholders that lost money on TELUS International (Cda) Inc.(TIXT) should contact Levi & Korsinsky about pending Class Action - TIXT
Prnewswire· 2025-02-21 10:45
NEW YORK, Feb. 21, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") (NYSE: TIXT) of a class action securities lawsuit.CLASS DEFINITION: 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/pslr ...
Robbins LLP Reminds Investors of TELUS International (Cda) Inc. (TIXT) of the Pending Lead Plaintiff Deadline and Urges Investors to Obtain Counsel
Prnewswire· 2025-02-19 01:15
Group 1 - The class action was filed on behalf of investors who purchased TELUS International (Cda) Inc. securities between February 16, 2023, and August 1, 2024 [1] - Allegations include that TELUS International misled investors regarding its AI Data Solutions, which required cannibalization of higher-margin offerings, and that the shift towards AI negatively impacted profitability and margins [2] - Following the revelation of these issues, TELUS International's share price fell significantly, dropping $2.33 or 35.96% to close at $4.15 on August 2, 2024, and continued to decline by $0.83 or 20% to close at $3.32 on August 5, 2024 [3] Group 2 - Shareholders interested in serving as lead plaintiffs must file papers by March 31, 2025, and can remain absent class members if they choose not to participate [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5] - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5]
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of TELUS International (Cda) Inc.(TIXT) Shareholders
Prnewswire· 2025-02-14 10:45
NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") (NYSE: TIXT) of a class action securities lawsuit.CLASS DEFINITION: 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/pslr ...