{"id":956295,"date":"2026-04-29T17:26:12","date_gmt":"2026-04-29T21:26:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/poet-technologies-inc-nasdaq-poet-sued-for-alleged-securities-fraud-investors-urged-to-contact-award-winning-firm-gibbs-mura\/"},"modified":"2026-04-29T17:26:12","modified_gmt":"2026-04-29T21:26:12","slug":"poet-technologies-inc-nasdaq-poet-sued-for-alleged-securities-fraud-investors-urged-to-contact-award-winning-firm-gibbs-mura","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/poet-technologies-inc-nasdaq-poet-sued-for-alleged-securities-fraud-investors-urged-to-contact-award-winning-firm-gibbs-mura\/","title":{"rendered":"POET Technologies Inc. (NASDAQ: POET) Sued for Alleged Securities Fraud; Investors Urged to Contact Award-Winning Firm, Gibbs Mura"},"content":{"rendered":"

<\/p>\n

POET Technologies Inc. (NASDAQ: POET) Sued for Alleged Securities Fraud; <\/b>Investors Urged to Contact Award-Winning Firm, Gibbs Mura<\/b><\/p>\n

OAKLAND, Calif.–(BUSINESS WIRE<\/a>)–
\nGibbs Mura announces that a securities class action lawsuit has been filed against POET Technologies on behalf of investors who acquired or purchased shares between April 1, 2026, and 08:57 AM ET on April 27, 2026.<\/p>\n

YOU MAY BE ABLE TO RECOVER YOUR LOSSES. VISIT OUR <\/b>POET TECHNOLOGIES CLASS ACTION LAWSUIT INVESTIGATION WEBPAGE<\/b><\/a> OR CALL US AT (888) 410-2925 TO LEARN MORE.<\/b><\/p>\n

What is the POET Technologies Investigation About?<\/b><\/p>\n

\nPreviously, shares of POET Technologies Inc. (\u201cPOET Technologies\u201d) plummeted over 47% on April 27, 2026, after the company disclosed that Celestial AI, which was recently acquired by Marvell, had cancelled all purchase orders, citing alleged confidentiality violations.<\/p>\n

\nOn April 21, 2026, POET Technologies CFO Thomas Mika told Stocktwits that the company had secured an order from Celestial AI and planned to \u201ccontinue that relationship [with Marvell] and build it over time.\u201d Just a week later, on April 27, 2026, POET Technologies announced that all purchase orders it had received from Celestial AI were now cancelled, including initial production units first disclosed by the company in an April 25, 2023 press release. Marvell gave POET written notice on April 23, 2026 that it was cancelling the orders because \u201cthe company had wrongly shared details about the purchase orders and shipping information, breaking confidentiality rules,\u201d as reported by Yahoo Finance.<\/p>\n

\nThen, on April 28, 2026, a lawsuit was filed on behalf of POET Technologies investors, alleging that CFO Thomas Mika\u2019s statements on April 21, 2026 were \u201cmaterially false and misleading,\u201d and that he failed to disclose that his statements were a breach of the confidentiality agreement and could result in the termination of POET Technologies\u2019 deal with Marvell and subsequently harm the business.<\/p>\n

\nAdditionally, the lawsuit claims that statements in POET Technologies\u2019 2025 Annual Report misled investors by understating the likelihood of the company being deemed a passive foreign investment company (PFIC) by the IRS, a designation that could negatively impact the company\u2019s valuation and reduce demand for POET stock.<\/p>\n

About Gibbs Mura<\/b><\/p>\n

\nGibbs Mura represents investors nationwide in securities litigation<\/a> and has more than two decades of experience prosecuting fraud. The firm has recovered billions of dollars for its clients against some of the world\u2019s largest corporations, and our attorneys have received numerous honors for their work, including \u201cBest Lawyers in America,\u201d \u201cTop Plaintiff Lawyers in California,\u201d \u201cCalifornia Lawyer Attorney of the Year,\u201d \u201cClass Action Practice Group of the Year,\u201d \u201cConsumer Protection MVP,\u201d and \u201cTop Women Lawyers in California.\u201d<\/p>\n

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260429393854\/en\/<\/a><\/span><\/p>\n

\nPRESS CONTACT: CATHERINE CONROY
\n
PHONE: 510.350.9705
\n
EMAIL: CRC@CLASSLAWGROUP.COM<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

POET Technologies Inc. (NASDAQ: POET) Sued for Alleged Securities Fraud; Investors Urged to Contact Award-Winning Firm, Gibbs Mura OAKLAND, Calif.–(BUSINESS WIRE)– Gibbs Mura announces that a securities class action lawsuit has been filed against POET Technologies on behalf of investors who acquired or purchased shares between April 1, 2026, and 08:57 AM ET on April 27, 2026. YOU MAY BE ABLE TO RECOVER YOUR LOSSES. VISIT OUR POET TECHNOLOGIES CLASS ACTION LAWSUIT INVESTIGATION WEBPAGE OR CALL US AT (888) 410-2925 TO LEARN MORE. What is the POET Technologies Investigation About? Previously, shares of POET Technologies Inc. (\u201cPOET Technologies\u201d) plummeted over 47% on April 27, 2026, after the company disclosed that Celestial AI, which was recently acquired by Marvell, had cancelled … <\/p>\n

Continue reading “POET Technologies Inc. (NASDAQ: POET) Sued for Alleged Securities Fraud; Investors Urged to Contact Award-Winning Firm, Gibbs Mura”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-956295","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPOET Technologies Inc. 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(NASDAQ: POET) Sued for Alleged Securities Fraud; Investors Urged to Contact Award-Winning Firm, Gibbs Mura OAKLAND, Calif.–(BUSINESS WIRE)– Gibbs Mura announces that a securities class action lawsuit has been filed against POET Technologies on behalf of investors who acquired or purchased shares between April 1, 2026, and 08:57 AM ET on April 27, 2026. YOU MAY BE ABLE TO RECOVER YOUR LOSSES. VISIT OUR POET TECHNOLOGIES CLASS ACTION LAWSUIT INVESTIGATION WEBPAGE OR CALL US AT (888) 410-2925 TO LEARN MORE. What is the POET Technologies Investigation About? Previously, shares of POET Technologies Inc. (\u201cPOET Technologies\u201d) plummeted over 47% on April 27, 2026, after the company disclosed that Celestial AI, which was recently acquired by Marvell, had cancelled … Continue reading "POET Technologies Inc. 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