Case Overview

Between February 16, 2023 and August 1, 2024 inclusive, Telus International (Cda) Inc. (“Telus” or the “Company”), its officers and directors (collectively, the “Defendants”) published documents that contain misrepresentations and omit to disclose material facts relating to Telus’ artificial intelligence (“AI”) solutions, including among other things, the fact that these AI solutions were provided on a trial basis, generated lower margins than the Company’s legacy offerings, and were cannibalizing some of Telus’ higher-margin offerings.

The effect of Defendants’ misconduct was to artificially inflate the value of Telus’ securities. As a result, members of the proposed class acquired Telus’ securities at artificially inflated prices that did not reflect their true value.

When the entire truth emerged on August 2, 2024, the value of Telus’ securities plummeted, resulting in a loss to the members of the proposed class.  

The proposed class action seeks to obtain a judgment ordering the Defendants to pay damages to each member of the proposed class.  

Members of the Proposed Class

You are a member of the proposed class action if you acquired one or more of Telus’ securities between February 16, 2023 and August 1, 2024, inclusive, and still held all or some of those securities at any moment between May 9, 2024 and August 1, 2024, inclusive. The proposed Class also includes a subclass comprised of all persons who acquired one or more of Telus’ securities listed on the NYSE while residing outside of Canada.

Case Status

On December 12, 2024, a Notice of Civil Claim and Petition were filed before the Supreme Court of British Columbia.

The class action is currently at the authorization stage.

Proceedings and Judgments

• Notice of Civil Claim
• Petition