A class action lawsuit has been filed against POET Technologies, Inc. on behalf of investors who purchased or acquired POET securities between April 1, 2026 and 08:57 AM ET on April 27, 2026. The lawsuit, filed in the United States District Court for the District of New Jersey, alleges that the company and its executives made false or misleading statements and failed to disclose that POET Technologies misrepresented its tax status as a likely passive foreign investment company, which could have negative tax implications for U.S. stockholders, and that defendant Thomas Mika violated a non-disclosure agreement by discussing business agreements in a public interview, endangering business prospects. Investors have until June 29, 2026 to apply to the Court to be appointed as lead plaintiff. The law firm Bragar Eagel & Squire, P.C. is handling the case and encourages affected investors to contact partner Brandon Walker or Melissa Fortunato directly.
POET Technologies IncClass action lawsuit alleges false statements and nondisclosure, risking legal penalties and reputational damage.