Teleperformance SE (OTC: TLPFY)

This lawsuit is for anyone who acquired securities in Teleperformance SE (OTC: TLPFY) from July 29, 2020 through November 9, 2022.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company followed applicable labor laws but then by violating those laws, subjecting the Company to all sorts of negative repercussions, by subjecting its workers to unconscionable working conditions, including showing its content moderators uncensored, sexually explicit images of children.

On August 4, 2022, Forbes published an article alleging that Teleperformance had subjected its workers to poor working conditions, using real, graphic images and videos of child sexual abuse to train its TikTok content moderators, while “conversations with former employees reveal[ed] the extent to which moderators were both under-trained and overworked.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on November 9, 2022, Time reported that “Colombia’s Ministry of Labor has launched an investigation into TikTok subcontractor Teleperformance, relating to alleged union-busting, traumatic working conditions and low pay.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Teleperformance SE (OTC: TLPFY) from July 29, 2020 through November 9, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.