BOSTON, April 29, 2026 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against POET Technologies Inc. (Nasdaq: POET) and certain of its executives. Investors who have lost money in their POET Technologies Inc. investment should Ìýto learn more about how they might recover those losses. For more details, visit .
What is this all about?
The complaint alleges that POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or PFIC) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies valuation. Additionally, Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies business agreements in a public interview, thus endangering POET Technologies business prospects, and as a result, defendants statements about POET Technologies business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
†Who is eligible?
Anyone who purchased POET Technologies Inc. common stock between April 1, 2026, and April 27, 2026, and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors shouldÌý Ìýto learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is June 29, 2026. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. If you've lost money on your investment, you should contact Block & Leviton to learn more via ourÌý , by email atÌý , or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about POET Technologies Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton atÌý Ìýor by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website,Ìý , call (888) 256-2510 or emailÌý Ìýwith any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: Ìý
Copyright 2026 GlobeNewswire, Inc.
To view our latest eEdition, click the image on the left.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
