What is the POET Technologies Inc. (POET) Lawsuit About?
On April 28, 2026, a securities class action lawsuit was filed on behalf of investors who purchased or acquired POET Technologies securities between April 1, 2026, and 08:57 AM ET on April 27, 2026.
The lawsuit concerns whether POET Technologies Inc. has violated federal securities laws by providing false or misleading statements to investors and seeks to help shareholders recover their losses.
Learn the Facts
Why is POET Technologies (NASDAQ: POET) Stock Dropping?
On April 21, 2026, POET Technologies CFO Thomas Mika told Stocktwits that the company had secured an order from Celestial AI and planned to “continue that relationship [with Marvell] and build it over time,” Just a week later, on April 27, 2026, POET Technologies announced that all purchase orders it’s received from Celestial AI have now been canceled, 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 “the company had wrongly shared details about the purchase orders and shipping information, breaking confidentiality rules,” as reported by Yahoo Finance.
Following this news, shares of POET Technologies fell over 47% on April 27, 2026, causing significant harm to investors
Our Securities Lawyers Have a Winning Record Against Companies Like POET Technologies Inc.
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
You shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.
Publicly traded companies are legally required to provide truthful, accurate information to investors. When a company misrepresents facts, conceals risks, or engages in fraudulent practices, investors can suffer significant financial harm. Securities class action lawsuits allow affected shareholders to seek recovery for their investment losses and hold the company accountable for violating the law.
Could I have a claim related to POET Technologies stock losses?
You may have a potential claim if you lost money investing in POET Technologies (POET). Even if you are unsure whether your situation qualifies, our team can review your information confidentially at no cost.
How can I get my money back from my POET Technologies investment?
If you invested in POET Technologies (POET), you may be eligible to recover your investment losses. Fill out the form above so that our team can confidentially contact you about your potential options.
Do I have to pay anything out of pocket?
No; participating in a securities class action lawsuit with our firm will never cost you anything out of pocket. If a lawsuit is filed and is successful down the line, the court typically has the discretion to award fair attorney’s fees out of a gross recovery.
What is your firm’s experience with investor lawsuits against companies like POET Technologies?
Our financial fraud and securities lawyers have more than two decades of experience prosecuting fraud and have successfully litigated against some of the largest companies in the United States. We’ve recovered more than a billion dollars on our clients’ behalf.
Can I still participate if I already sold my POET Technologies shares?
You may still be eligible even if you no longer own POET Technologies shares. Many investors who participate in securities cases sold their shares after a stock price decline. Your eligibility to join a securities class action depends on if you purchased or acquired your shares during the relevant period, called the “class period.”
Linda has recovered millions of dollars prosecuting fraud, breach of contract, and breach of fiduciary cases against large banks and insurance companies.
Anna represents plaintiffs in class action and complex litigation involving corporate wrongdoing and financial fraud.
Gibbs Mura’s Securities and Financial Fraud Experience
Gibbs Mura, A Law Group has more than two decades of experience prosecuting fraud. Our financial fraud and securities lawyers have successfully litigated against some of the largest companies in the United States, and has recovered billions of dollars on clients’ behalf.
We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world’s largest corporations. Our award-winning lawyers have achieved landmark recoveries and billions of dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and financial fraud lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.
Linda has recovered millions of dollars prosecuting fraud, breach of contract, and breach of fiduciary cases against large banks and insurance companies.
