Bragar Eagel & Squire, P.C. Litigation Partner Encourages Investors Who Suffered Losses In POET To Contact Him Directly To Discuss Their Options
If you purchased or acquired POET securities between April 1, 2026 and 08:57 AM ET on April 27, 2026 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
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NEW YORK, May 04, 2026 (GLOBE NEWSWIRE) --
What’s Happening:
., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against POET Technologies, Inc. (“POET” or the “Company”) (NASDAQ:POET) in the United States District Court for the District of New Jersey on behalf of all persons and entities who purchased or otherwise acquired POET securities between April 1, 2026 and 08:57 AM ET on April 27, 2026, both dates inclusive (the “Class Period”). Investors have until June 29, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Allegation Details:
The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) 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; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies’ valuation; (3) Defendant 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 (4) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
Next Steps:
If you purchased or otherwise acquired POET shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact or by email at investigations@bespc.com, telephone at (212) 355-4648, or by . There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit . Attorney advertising. Prior results do not guarantee similar outcomes.
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