TLPFY.US
id: 1424
Teleperformance (TLPFY) Investors Settlement
Late claims are being considered for compensation, subject to approval.
$5,500,000
Cash SettlementS.D. Florida
Court1:23-cv-24580
Case number02/20/2020
Class period Start11/09/2022
Class period End05/11/2025
Claim deadlineTeleperformance has reached a settlement with $TLPFY investors to address claims regarding its content moderation practices.
Outline
In 2022, Teleperformance was accused of subjecting content moderators to harmful working conditions, and a Colombian labor investigation intensified scrutiny. Following this, $TLPFY dropped almost 25%, and Teleperformance faced a lawsuit from investors.
Timeline
- August 4, 2022 – Forbes published a report exposing harsh content moderation practices; $TLPFY fell 5%.
- November 9, 2022 – Time reported a Colombian labor investigation over this, causing $TLPFY to drop 19%.
- April 19, 2023 – Investors filed a lawsuit against Teleperformance.
- November 2024 – Teleperformance agreed to settle to resolve all claims.
Background
In August 2022, Forbes published a report exposing harsh working conditions for Teleperformance’s content moderators. Employees were subjected to inadequate training, exposure to graphic content, and limited psychological support.
Following this, $TLPFY fell 5%.
By November 2022, Time revealed further abuses, including excessive workplace surveillance and high-stress conditions.
These reports also confirmed that Colombia’s Ministry of Labor was investigating Teleperformance’s labor conditions.
The revelations led to regulatory scrutiny and public backlash, causing $TLPFY to fall another 19%.
After that, investors filed a lawsuit against Teleperformance claiming it misled them about its working conditions and regulatory risks.
What Can Investors Expect Now?
Teleperformance has reached a settlement with $TLPFY investors over claims that it hid labor condition concerns, specifically related to its content moderation practices.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section below.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Fraud,
Failure to Disclose,
Negligence
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
4.04
Filing date
04/19/2023
Plaintiffs
CITY OF WARREN GENERAL EMPLOYEES’ RETIREMENT SYSTEM
Attorneys
Robbins Geller Rudman & Dowd LLP; Monteleone Law Offices, P.L.L.C.
Defendants
TELEPERFORMANCE
Judge
B. Lynn Winmill
Administrator
Rust Consulting
Court hearing date
05/05/2025
Exclusion deadline
05/05/2025
Objection deadline
05/05/2025
Attorney fee
$2,033,333
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How much will my payment be?
What is 11th Estate?