TELUS International(TIXT) Prnewswire·2025-03-13 09:45Core 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].