
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].