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TELUS International (Cda) Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights – TIXT
GlobeNewswire News Room· 2025-03-18 17:20
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: Next Steps for Investors - 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 serving as a lead plaintiff [3]. - Class members may be entitled to compensation without 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 has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].
TELUS International (Cda) Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - TIXT
Prnewswire· 2025-03-17 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]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from February 16, 2023, to August 1, 2024, 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 placed greater pressure on the company's margins than previously disclosed [1]. - As a result, the positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [1]. Class Action Details - Shareholders who purchased shares of TIXT during the specified class period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1]. - The deadline for shareholders to register for the class action is March 31, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2]. Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [3].
TELUS International (Cda) Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights - TIXT
Prnewswire· 2025-03-12 09:45
Core Points - A class action securities lawsuit has been filed against TELUS International, alleging securities fraud affecting investors between February 16, 2023, and August 1, 2024 [1][2] - The lawsuit claims that the company's AI Data Solutions offerings cannibalized higher-margin products, leading to declining profitability and greater pressure on margins than previously disclosed [2] - Investors have until March 31, 2025, to request to be appointed as lead plaintiff, with no out-of-pocket costs for class members to participate [3] Company Details - TELUS International is facing allegations that its positive statements regarding business operations and prospects were materially misleading due to undisclosed issues related to its AI initiatives [2] - The firm Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]
Powerfleet Launches Unity's AI-Driven In-Warehouse Solutions in partnership with TELUS, Unlocking Major Growth Potential
Prnewswire· 2025-03-10 12:00
Strategic partnership leverages AI-driven technology to transform warehouse safety and efficiency across North AmericaWOODCLIFF LAKE, N.J., March 10, 2025 /PRNewswire/ -- Powerfleet (Nasdaq: AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, announces the launch of advanced Unity in-warehouse solutions through its TELUS partnership, enhancing safety, workforce retention, and operational efficiency in Canada and the United States.TELUS, ...
Shareholders of TELUS International (Cda) Inc. Should Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - TIXT
Prnewswire· 2025-03-10 09:45
NEW YORK, March 10, 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=134594&from=4 CLASS PERIOD: Fe ...
Faruqi & Faruqi Reminds TELUS International Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 - TIXT
GlobeNewswire News Room· 2025-03-07 15:13
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Telus International To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Telus International between February 16, 2023 and August 1, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) [You may also click here for additional information] NEW YORK ...
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages TELUS International (Cda) Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TIXT
GlobeNewswire News Room· 2025-03-06 19:52
Core Viewpoint - Rosen Law Firm is reminding investors who purchased TELUS International securities during the specified Class Period of the upcoming lead plaintiff deadline on March 31, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased TELUS International securities between February 16, 2023, and August 1, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - The deadline to move the Court to serve as lead plaintiff is March 31, 2025, with the lead plaintiff acting on behalf of other class members [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that TELUS International failed to disclose critical information regarding its AI Data Solutions, which required the cannibalization of higher-margin offerings, leading to declining profitability [5]. - It is claimed that the shift towards AI put greater pressure on the company's margins than previously disclosed, resulting in materially misleading statements about the company's business and prospects [5].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 31, 2025 in TELUS International (Cda) Inc. Lawsuit - TIXT
Prnewswire· 2025-03-06 10:45
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=4CLASS PERIOD: Febr ...
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of TELUS International (Cda)
Prnewswire· 2025-03-05 16:18
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Telus International To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Telus International between February 16, 2023 and August 1, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, March 5, 2025 /PRNew ...
TELUS International (Cda) Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights – TIXT
GlobeNewswire News Room· 2025-03-04 17:30
NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- 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.c ...