Workflow
Kirby McInerney LLP Reminds TELUS International (Cda) Inc. (TIXT) Investors of Class Action Filing and Encourages Investors to Contact the Firm
TIXTTELUS International(TIXT) GlobeNewswire News Room·2025-02-12 01:00

Core Viewpoint - TELUS International (Cda) Inc. is facing a securities fraud class action lawsuit, with allegations related to undisclosed impacts of its AI Data Solutions on profitability and margins [1][4]. Group 1: Lawsuit Details - The lawsuit was filed on behalf of investors who acquired TELUS securities from February 16, 2024, through August 1, 2024, with a deadline of March 31, 2025, for investors to apply as lead plaintiffs [3]. - The complaint alleges that TELUS failed to disclose that its AI Data Solutions required the cannibalization of higher-margin offerings, which contributed to declining profitability [4]. - It is claimed that the shift towards AI has put greater pressure on the company's margins than previously disclosed [4]. Group 2: Legal Representation - Kirby McInerney LLP is the law firm representing the investors in this class action lawsuit, focusing on securities litigation and has achieved recoveries totaling billions of dollars for shareholders [6].