Class Action Lawsuit Filed Against POET Technologies Inc. Over Alleged Securities Fraud
A class action lawsuit has been filed against POET Technologies Inc. (NASDAQ: POET) alleging securities fraud and other unlawful business practices. The lawsuit follows a significant drop in POET's stock price after the cancellation of purchase orders from Marvell Semiconductor Inc., which led to a 47.35% decline in the stock price on April 27, 2026.
Topics: class action lawsuit confidentiality breach purchase order cancellation securities fraud stock price drop