On December 12, 2024, Slater Vecchio LLP and Scott & Scott LLP initiated a proposed class action lawsuit against Telus International (Cda) Inc. (TSE/NYSE:TIXT) for allegedly making misrepresentations in breach of British Columbia’s Securities Act.
Telus International is a Canadian technology company and the global arm of Telus Corporation. Telus International provides digital services to corporations globally.
The lawsuit alleges that Telus International and several of its senior executives made false or misleading statements about the company’s Artificial Intelligence (“AI”) offerings.
The lawsuit asserts that, due to Telus International’s alleged failure to fulfill its disclosure obligations, shareholders suffered losses when significant issues related to the company’s shift to AI were publicly disclosed in May and/or August 2024.
This lawsuit aims to represent all persons and entities who acquired one or more of Telus’ securities between February 16, 2023 and August 1, 2024, inclusive, and held all or a portion of these securities at any moment between May 9, 2024 and August 1, 2024, inclusive.
If you are interested in becoming involved in this action, please contact Slater Vecchio LLP by filling out the form on this webpage.
A class action is a legal case through which one person makes a claim to the Court on behalf of a similarly situated class of people who have the same or a similar legal claim. A class action seeks to hold a defendant or defendants responsible for their conduct that affects each member of the class by resolving issues that are common to the class in the same legal proceeding, instead of each class member bringing a claim individually.
The individual who first files the claim must ask the Court for permission to proceed as a class action. If permission is granted (referred as “authorized” in Quebec, and “certified” in all other Canadian provinces) and the case may proceed as a class action, the Court will appoint an individual as “Representative Plaintiff” to represent the best interests of the class during the litigation and will define the class group. Each person who meets the criteria of the class group is considered a “Class Member”.
