Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against TELUS International (Cda) Inc. (TIXT)

Core Viewpoint - A securities class action lawsuit has been filed against TELUS International (Cda) Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period from February 16, 2023, to August 1, 2024 [1][2]. Group 1: Allegations and Business Impact - The lawsuit claims that TELUS International's AI Data Solutions offerings required the cannibalization of its higher-margin products [2]. - It is alleged that the company's declining profitability is linked to its efforts to develop AI capabilities, which have put additional pressure on margins [2]. - Defendants' positive statements about the company's business and prospects are said to be materially misleading and lack a reasonable basis due to undisclosed adverse facts [2]. Group 2: Investor Information - Investors who acquired TELUS shares during the class period are encouraged to contact the law firm before the lead plaintiff motion deadline on March 31, 2025 [3].