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[1]
Shareholders of TELUS International (Cda) Inc. Should Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights - TIXT - TELUS Intl (NYSE:TIXT)
NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") 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.com/pslra-1/telus-international-lawsuit-submission-form?prid=127570&wire=3 TIXT investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. WHAT'S NEXT? If you suffered a loss in TELUS International during the relevant time frame, you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com TIXTTELUS International (Cda) Inc$3.79-0.13%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[2]
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of March 31, 2025 in TELUS International Lawsuit - TIXT - TELUS Intl (NYSE:TIXT)
NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in TELUS International (Cda) Inc. ("TELUS International" or the "Company") 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.com/pslra-1/telus-international-lawsuit-submission-form?prid=126789&wire=3 TIXT investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. WHAT'S NEXT? If you suffered a loss in TELUS International during the relevant time frame, you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com TIXTTELUS International (Cda) Inc$3.831.59%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[3]
Shareholders that lost money on TELUS International (Cda) Inc. (TIXT) should contact The Gross Law Firm about pending Class Action - TIXT - TELUS Intl (NYSE:TIXT)
NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of TELUS International (Cda) Inc. 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=127315&from=3 CLASS PERIOD: February 16, 2023 to August 1, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. DEADLINE: March 31, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/telus-international-loss-submission-form/?id=127315&from=3 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TIXT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903 TIXTTELUS International (Cda) Inc$3.82-0.52%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[4]
TIXT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that TELUS International (Cda) Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - TELUS Intl (NYSE:TIXT)
NEW YORK, Feb. 02, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against TELUS International (Cda) Inc. ("TELUS" or "the Company") TIXT and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired TELUS securities between February 16, 2023 and August 1, 2024, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/TIXT. Case Details The Complaint alleges that, throughout the Class Period, the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/TIXT. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in TELUS you have until March 31, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Follow us for updates on LinkedIn, X, Facebook, or Instagram. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | info@bgandg.com TIXTTELUS International (Cda) Inc$3.86-1.28%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[5]
Deadline Alert: TELUS International (Cda) Inc. (TIXT) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit - TELUS Intl (NYSE:TIXT)
Glancy Prongay & Murray LLP reminds investors of the upcoming March 31, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT securities between February 16, 2023 and August 1, 2024, inclusive (the "Class Period"). IF YOU SUFFERED A LOSS ON YOUR TELUS INTERNATIONAL INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS. What Happened? On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring to the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired Telus International securities during the Class Period, you may move the Court no later than March 31, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@glancylaw.com Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at www.glancylaw.com. Follow us for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20250203255700/en/ Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Charles Linehan Email: shareholders@glancylaw.com Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit our website at: www.glancylaw.com. TIXTTELUS International (Cda) Inc$3.75-2.85%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[6]
Deadline Alert: TELUS International (Cda) Inc. (TIXT) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit - TELUS Intl (NYSE:TIXT)
LOS ANGELES, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming March 31, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT securities between February 16, 2023 and August 1, 2024, inclusive (the "Class Period"). IF YOU SUFFERED A LOSS ON YOUR TELUS INTERNATIONAL INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS. What Happened? On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring to the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired Telus International securities during the Class Period, you may move the Court no later than March 31, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@glancylaw.com Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at www.glancylaw.com. Follow us for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact Us: Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Charles Linehan Email: shareholders@glancylaw.com Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit our website at: www.glancylaw.com. TIXTTELUS International (Cda) Inc$3.841.01%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[7]
Levi & Korsinsky Notifies TELUS International (Cda) Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - TIXT
https://zlk.com/pslra-1/telus-international-lawsuit-submission-form?prid=126758&wire=4 TIXT investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. WHAT'S NEXT? If you suffered a loss in TELUS International during the relevant time frame, you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
[8]
TELUS International (Cda) Shareholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Against TIXT - TELUS Intl (NYSE:TIXT)
SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired TELUS International (Cda) Inc. TIXT securities between February 16, 2023 and August 1, 2024. TELUS International purports to design, build, and deliver digital solutions for customer experience, including artificial intelligence ("AI") services, cloud solutions, and user experience/user interface design. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that TELUS International (Cda) Inc. (TIXT) Misled Investors Regarding its Business Prospects According to the complaint, during the class period, defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that TELUS International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that TELUS International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the truth was revealed, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024. The stock continued to decline the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024. What Now: You may be eligible to participate in the class action against TELUS International (Cda) Inc. Shareholders who want to serve as lead plaintiff for the class must file papers with the court by March 31, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against TELUS International (Cda) Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/53411cb1-fd25-40f8-b2c2-29faedca8a54 TIXTTELUS International (Cda) Inc$3.70-4.15%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[9]
Deadline Approaching: TELUS International (Cda) Inc. (TIXT) Investors Who Lost Money Urged to Contact Law Offices of Howard G. Smith - TELUS Intl (NYSE:TIXT)
Law Offices of Howard G. Smith reminds investors of the upcoming March 31, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT securities between February 16, 2023 and August 1, 2024, inclusive (the "Class Period"). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN TELUS INTERNATIONAL (CDA) INC. (TIXT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com. What Happened? On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring to the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. What Is the Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired Telus International securities during the Class Period, you may move the Court no later than March 31, 2025 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. Contact Us to Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, Pennsylvania 19020 Telephone: (215) 638-4847 Email: howardsmith@howardsmithlaw.com Visit our website at: www.howardsmithlaw.com. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20250204070101/en/ Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com TIXTTELUS International (Cda) Inc$3.831.72%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
[10]
Law Offices of Howard G. Smith Encourages TELUS International (Cda) Inc. (TIXT) Investors to Inquire About Securities Fraud Class Action - TELUS Intl (NYSE:TIXT)
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT securities between February 16, 2023 and August 1, 2024, inclusive (the "Class Period"). Telus International investors have until March 31, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN TELUS INTERNATIONAL (CDA) INC. (TIXT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com. What Happened? On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business" "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring to the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Contact Us To Participate or Learn More: If you purchased Telus International securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, Pennsylvania 19020 Telephone: (215) 638-4847 Email: howardsmith@howardsmithlaw.com Visit our website at: www.howardsmithlaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20250131937083/en/ Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com TIXTTELUS International (Cda) Inc$3.981.66%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
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Law Offices of Frank R. Cruz Encourages TELUS International (Cda) Inc. (TIXT) Investors To Inquire About Securities Fraud Class Action - TELUS Intl (NYSE:TIXT)
The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT securities between February 16, 2023 and August 1, 2024, inclusive (the "Class Period"). Telus International investors have until March 31, 2025 to file a lead plaintiff motion. IF YOU SUFFERED A LOSS ON YOUR TELUS INTERNATIONAL INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT. You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com. What Happened? On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring to the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired Telus International securities during the Class Period, you may move the Court no later than March 31, 2025, to request appointment as lead plaintiff in this putative class action lawsuit. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us at: Law Offices of Frank R. Cruz 212 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20250203986863/en/ Law Offices of Frank R. Cruz Telephone: 310-914-5007 Email: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com TIXTTELUS International (Cda) Inc$3.75-2.72%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
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TIXT CLASS ACTION NOTICE: Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit On Behalf Of TELUS International (Cda) Inc. Investors - TELUS Intl (NYSE:TIXT)
Glancy Prongay & Murray LLP ("GPM"), announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Sarria v. TELIS International (Cda) Inc., et al., Case No. 1:25-cv-00889, on behalf of persons and entities that purchased or otherwise acquired TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT securities between February 16, 2023 and August 1, 2024, inclusive (the "Class Period"). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"). Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action. IF YOU SUFFERED A LOSS ON YOUR TELUS INTERNATIONAL INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS. What Happened? On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired Telus International securities during the Class Period, you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@glancylaw.com Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at www.glancylaw.com. Follow us for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20250130865271/en/ Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Charles Linehan Email: shareholders@glancylaw.com Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit our website at: www.glancylaw.com. TIXTTELUS International (Cda) Inc$3.90-1.02%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
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DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of TELUS International (Cda)
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] Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against TELUS International (Cda) Inc. ("Telus International" or the "Company") (NYSE: TIXT) and reminds investors of the March 31, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Telus International's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
[14]
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of TELUS International (Cda) - TELUS Intl (NYSE:TIXT)
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Telus International To Contact Him Directly To Discuss Their Options If you purchased 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, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against TELUS International (Cda) Inc. ("Telus International" or the "Company") TIXT and reminds investors of the March 31, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On May 9, 2024, Telus International released its first quarter 2024 financial results, revealing a $29 million decline in revenue year over year. On the same day, the Company held an earnings call during which Chief Financial Officer, Gopi Chande was asked by an analyst to clarify "what margin should look like on a go-forward basis" as margins "were down year-over-year and . . . were below the full year guidance." In response, Gopi Chande revealed that the margins generated by the Company's AI offerings "can be a bit below average." On this news, the Company's share price fell $1.41 or 18.15%, to close at $6.36 on May 9, 2024, on unusually heavy trading volume. Then, on August 2, 2024, before the market opened, Telus International released second quarter 2024 financial results, revealing a significant slowdown in revenue generation: a $5 million quarter-over-quarter or $15 million year-over-year revenue decrease; a $23 million or 15% quarter-over-quarter adjusted EBITDA decrease; and 14.6% quarter-over-quarter reduction in adjusted EBITDA margin, from 23.3% to 19.9%. As a result, Telus International announced it had significantly reduced its full year 2024 fiscal guidance. The Company also disclosed that Jeff Puritt, then-President and Chief Executive Officer, would retire effective September 3, 2024. In an earnings call held the same day, Puritt disclosed that the transition of the Company "towards a more technology centric and specifically AI fueled business," "necessitates some cannibalization of our tenured and higher margin CX work." Puritt concluded that, ultimately, the Company is "going to have to take it on the chin a little bit in terms of our historical margin profile" and rely upon "eating our own roommate cooking internally," referring the self-cannibalization of the business, "in order to create the headwind we need to enjoy the margin yield that we've historically benefited from." On this news, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024, on unusually heavy trading volume. The stock continued to decline on the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Telus International's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the TELUS International (Cda) class action, go to www.faruqilaw.com/TIXT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c96193e-9e8a-4e5d-878a-3e41b441e24a TIXTTELUS International (Cda) Inc$3.800.80%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
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TIXT Investors Have Opportunity to Lead TELUS International (Cda) Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES, Feb. 4, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TELUS International (Cda) Inc. ("Telus" or "the Company") (NYSE: TIXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. The AI Data Solutions developed by Telus required the cannibalization of higher-margin offerings. The Company's declining profitability was directly tied to its AI development. The Company's shift to AI placed pressure on its margins. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Telus, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
[16]
Shareholder Notice: Robbins LLP Informs Stockholders of the TELUS International (Cda) Inc. Class Action
SAN DIEGO, Feb. 3, 2025 /PRNewswire/ -- Robbins LLP informs stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired TELUS International (Cda) Inc. (NYSE: TIXT) securities between February 16, 2023 and August 1, 2024. TELUS International purports to design, build, and deliver digital solutions for customer experience, including artificial intelligence ("AI") services, cloud solutions, and user experience/user interface design. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that TELUS International (Cda) Inc. (TIXT) Misled Investors Regarding its Business Prospects According to the complaint, during the class period, defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that TELUS International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that TELUS International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the truth was revealed, the Company's share price fell $2.33 or 35.96%, to close at $4.15 on August 2, 2024. The stock continued to decline the next trading day available, falling $0.83, or 20%, to close at $3.32 on August 5, 2024. What Now: You may be eligible to participate in the class action against TELUS International (Cda) Inc. Shareholders who want to serve as lead plaintiff for the class must file papers with the court by March 31, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against TELUS International (Cda) Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome.
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DEADLINE ALERT for IAS and TIXT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - TELUS Intl (NYSE:TIXT), Integral Ad Science (NASDAQ:IAS)
LOS ANGELES, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Integral Ad Science Holding Corp. IAS Class Period: March 2, 2023 - February 27, 2024 Lead Plaintiff Deadline: March 31, 2025 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that IAS was experiencing a new material trend of increased competitive pricing pressures and that, as a result, IAS had been forced to cut prices to compensate for weakening demand and slowing revenue growth; (2) that IAS's pricing function was no longer "favorable" and IAS could not sustain its pricing and drive price increases; (3) that pricing had become a key differentiator between IAS and its competitor necessary to close major renewals and new deals; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are an Integral Ad Science shareholder who suffered a loss, click here to participate. TELUS International (Cda) Inc. TIXT Class Period: February 16, 2023 - August 1, 2024 Lead Plaintiff Deadline: March 31, 2025 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company's AI Data Solutions offerings required the cannibalization of its higher-margin offerings; (2) that Telus International's declining profitability was tied to the Company's drive to develop AI capabilities; (3) that Telus International's shift toward AI put greater pressure on the Company's margins than previously disclosed; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you are a TELUS shareholder who suffered a loss, click here to participate. Follow us for updates on Twitter: twitter.com/FRC_LAW. To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com IASIntegral Ad Science Holding Corp$10.560.48%Overview Rating:Speculative37.5%Technicals Analysis660100Financials Analysis200100WatchlistOverviewTIXTTELUS International (Cda) Inc$3.940.90%Market News and Data brought to you by Benzinga APIs
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Multiple law firms have filed class action lawsuits against TELUS International, alleging the company misled investors about the impact of its AI initiatives on its financial performance.
TELUS International (Cda) Inc., a global customer experience and digital solutions provider, is facing multiple class action lawsuits alleging that the company misled investors about the impact of its artificial intelligence (AI) initiatives on its financial performance. The lawsuits, filed by several prominent law firms, seek to recover losses on behalf of investors who purchased TELUS International securities between February 16, 2023, and August 1, 2024 12345.
The complaints allege that TELUS International and certain of its officers made materially false and/or misleading statements and failed to disclose material adverse facts about the company's business operations and prospects. Specifically, the lawsuits claim that:
The legal actions were triggered by a series of financial disclosures and events:
Amidst these financial challenges, TELUS International announced that Jeff Puritt, then-President and CEO, would retire effective September 3, 2024. During his final earnings call, Puritt acknowledged that the company's transition towards a more technology-centric and AI-fueled business "necessitates some cannibalization of our tenured and higher margin CX work" 5.
Multiple law firms, including Levi & Korsinsky, The Gross Law Firm, Bronstein, Gewirtz & Grossman, and Glancy Prongay & Murray, have filed class action lawsuits and are seeking lead plaintiffs 12345. The deadline for investors to file for lead plaintiff status is March 31, 2025.
The market reacted strongly to these developments:
As these legal proceedings unfold, investors and industry observers will be closely watching the impact on TELUS International's business strategy, particularly its AI initiatives, and the broader implications for companies navigating the integration of AI technologies into their core operations.
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Multiple law firms have filed a class action lawsuit against TELUS International, alleging securities fraud related to the company's AI initiatives and their impact on profitability.
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Multiple law firms announce class action lawsuits against TELUS International for alleged securities fraud related to its AI business strategy, with a March 31, 2025 deadline for investors to join.
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Rosen Law Firm has filed a class action lawsuit against TELUS International, alleging the company misled investors about its AI capabilities and their impact on profitability.
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TELUS International, a global provider of digital customer experience solutions, is facing investigations and potential class action lawsuits over alleged misleading statements about its financial performance, particularly concerning its AI solutions.
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TELUS Digital issues a statement addressing recent trading activity and clarifying its content moderation services, emphasizing its non-involvement in U.S. fact-checking while highlighting its AI and digital transformation capabilities.
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