Telus International (Cda) Inc.

A proposed global securities class action against Telus International (Cda) Inc. in Ontario, with a similar proceeding in British Columbia.

The Ontario Superior Court of Justice declined to stay a proposed global securities class action against Telus International (Cda) Inc. in favour of a substantially similar proposed global securities class action filed in British Columbia. This decision is the first to interpret the provisions of the Ontario Class Proceedings Act enacted in 2020 to address duplicative class proceedings brought in different Canadian provinces. The ruling suggests that well-resourced defendants may face more challenges in seeking relief from duplicative litigation costs, as the court considered the defendant's financial resources and the interests of Ontario-based institutional shareholders.

• Investors in Telus International (Cda) Inc. affected by the alleged securities violations.
• Exact eligibility will be determined once the claim process opens.