Telus International (Cda), Inc.

Berger Montague (Canada) PC, is an international shareholders’ rights law firm with experienced lawyers focused on litigating investors’ rights across Canada and the United States of America with an office in Toronto, Ontario. We have been retained by investors and a proposed class (group) of investors who acquired TIXT’s securities between February 9, 2023 and August 1, 2024 (the “Class Period”), and who held all or some of those securities until after the release of at least one of the Public Corrective Disclosures.

This shareholder class action alleges that TIXT negligently reported its projected revenues and profit margins from its AI Industry service line because it omitted to disclose that it was not able to retain the same level of profit margins as its other service lines. While TIXT originally reported that its soft revenue numbers and profit margins was an isolated problem during August 2023, TIXT finally acknowledged a year later that the problem was not isolated but, rather, with competitors chasing market share and not profit margins, this situation had been ongoing for years. When the truth came out, TIXT investors lost substantial amounts of money as the share price sharply declined.

Read more about the Statement of Claim here.

If you have questions about this shareholder class action, please contact us at (647) 576-7840, or by email at [email protected].

UPDATES

March 28, 2025. With the passage of 60-days since the Ontario pleading was issued, Berger Montague (Canada) PC has become the presumed Class Counsel of the Plaintiff’s putative Class and causes of action. We are currently organizing the records, with the support of experts in the field of accounting and capital markets as well as a private investigator, to prepare and serve the motion record in support for “leave to proceed” and certification of the cause of action and common issues.