Class Action Lawsuit Filed Against POET Technologies Inc. (NASDAQ: POET) 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 company disclosed the cancellation of purchase orders from Celestial AI, owned by Marvell Semiconductor Inc. The stock fell 47.35% on April 27, 2026, following the announcement.
Topics: class action lawsuit purchase order cancellation securities fraud stock price drop