News Summary

Telus International, a subsidiary of Telus, is facing a class-action lawsuit filed in B.C. Supreme Court. The lawsuit, initiated by investor Kayne Michael Middleton, claims the company misrepresented its artificial intelligence capabilities, leading to inflated stock prices and subsequent financial losses for investors. The suit names Telus International, its parent company, and several executives, including Telus CEO Darren Entwistle and Telus International CEO Jeff Puritt, as defendants. It alleges that Telus overstated the performance and profitability of its AI solutions while concealing issues within its digital services division. Despite the company’s public assertions of AI leadership, the plaintiffs argue that the AI offerings were underperforming and only available on a trial basis. The lawsuit seeks to represent investors who purchased Telus International shares between February 16, 2023, and August 1, 2024, and suffered losses due to the alleged misrepresentations. The allegations remain unproven in court, and Telus has yet to respond.