INVESTIGATION ALERT: Berger Montague PC Investigating Securities Fraud Claims
Berger Montague PC is conducting a thorough investigation into potential infractions of federal securities laws on behalf of individuals who have invested in TELUS International (Cda) Inc. (referred to as “TELUS” or the “Company”) (NYSE: “TIXT”; ISIN: CA87975H1001). Based in Vancouver, BC, TELUS is a global enterprise that offers digital solutions for customer experience (CX), including AI and bot-driven digital experience solutions and work-from-home and contact center outsourcing customer experience solutions. The Company’s securities are publicly traded on the NYSE and TSX, with an additional over-the-counter market presence in Europe.
The primary focus of Berger Montague’s inquiry revolves around whether TELUS and its high-ranking executives provided false or misleading information to investors concerning the financial performance of the Company, particularly in regard to its AI solutions, spanning from February 16, 2023, to August 1, 2024, as indicated in an ongoing lawsuit brought forth by shareholders. Following TELUS’s disclosures on August 1, 2024, the value of TELUS shares substantially declined, dropping from a closing price of $6.48 per share on August 1 to $4.15 per share at the close of trading on August 2, with the share price plummeting even further to $3.32 per share by August 5. This marked an overall decrease of $3.16 per share, amounting to over a 48% loss in share value.
For investors in TELUS seeking further details regarding the investigation, they are encouraged to contact Berger Montague through Andrew Abramowitz by sending an email to [email protected] or [email protected], or contacting the office directly at (215) 875-3015. With offices in Philadelphia, Minneapolis, Washington, D.C., San Diego, San Francisco, Delaware, and Chicago, in addition to Toronto, Ontario, Berger Montague has been at the forefront of securities class action litigation since its inception in 1970. Over the span of five decades, Berger Montague has represented both individual and institutional investors and taken on the role of lead counsel in various courtrooms across the United States.
