Faruqi & Faruqi, LLP reminds investors of the June 29, 2026 deadline to seek lead plaintiff in a securities class action against POET Technologies. The lawsuit alleges the company misrepresented its tax status by concealing it likely qualified as a passive foreign investment company, and that an executive violated a confidentiality agreement by publicly discussing business agreements, endangering its prospects. On April 27, 2026, POET Technologies stock dropped more than 45% intraday after Marvell Semiconductor canceled all purchase orders, citing unauthorized disclosures of confidential order and shipping details. Investors who purchased POET securities between April 1, 2026 and 8:57 AM EST on April 27, 2026 may be eligible to participate.
POET Technologies IncSecurities class action lawsuit alleges misrepresentation of tax status and executive confidentiality breach, causing stock drop.
Marvell Technology Group LtdMarvell canceled all purchase orders from POET, indicating loss of business.