Investors Face June 29 Deadline in POET Technologies Securities Suit

Investors who purchased POET Technologies Inc. securities between April 1 and April 27, 2026, face a June 29 deadline to petition the court to serve as lead plaintiff in a class action lawsuit alleging securities fraud against the company and its executives.

The litigation, spearheaded by The Rosen Law Firm, claims the company misled shareholders regarding its status as a passive foreign investment company under U.S. tax laws. The suit alleges that this misclassification created undisclosed tax risks for domestic investors, potentially damaging the firm's market valuation. Additionally, the complaint centers on Thomas Mika, who allegedly violated a non-disclosure agreement by discussing sensitive business partnerships during a public interview.

The lawsuit asserts that these undisclosed liabilities and internal breaches rendered the company’s public statements regarding its business prospects materially false. Investors seeking to participate in the litigation or serve as a representative party must file with the court by the end of June. While the firm is soliciting participants, no class has yet been certified by the court, meaning individuals remain free to retain their own counsel or opt to remain absent class members at this stage.