🔴 POET Technologies Inc is trading 4% down as multiple law firms announce securities fraud class action lawsuits

POET Technologies Inc is trading approximately 4% down at $14.75, following a prior close of $15.38.

• The decline coincides with fresh announcements from several law firms, including Pomerantz LLP, Bernstein Liebhard LLP, and The Schall Law Firm, regarding the filing of securities fraud class action lawsuits against the company.
• The lawsuits allege that between April 1, 2026, and April 27, 2026, POET made false and misleading statements to the market concerning its tax status and the nature of a business agreement with a key customer.
• These legal actions follow a more than 47% drop in the stock price on April 27, 2026, after the company disclosed the cancellation of all purchase orders from an affiliate of Marvell Semiconductor Inc.