Telus International (CDA) Inc.
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.
On June 27, 2025, the Plaintiff filed a Notice of Application asking the Supreme Court of British Columbia to hear his Petition for leave concurrently with his upcoming certification application. Defendants opposed this Notice. On August 21, 2025, the Supreme Court of British Columbia granted the Plaintiff’s Notice of Application.
On August 29, 2025, the Plaintiff filed an Amended Notice of Civil Claim, an Amended Petition and a Notice of Application (Certification).
On September 19, 2025, the Defendants filed a Notice of Appeal in which they seek leave to appeal the Supreme Court of British Columbia’s August 21, 2025 decision. Leave to appeal was granted on December 11, 2025. The Court of Appeal has yet to render a decision on the appeal.
The class action is currently at the leave stage.
Proceedings and Judgments
Notice of Civil Claim dated December 12, 2024
Petition dated December 12, 2024
Notice of Application dated June 27, 2025
Amended Notice of Civil Claim dated August 29, 2025
Amended Petition dated August 29, 2025
Notice of Application (Certification) dated August 29, 2025
Notice of Appeal dated September 19, 2025