•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Block & Leviton announced that a securities fraud lawsuit has been filed against POET Technologies Inc. (Nasdaq: POET) and certain of its executives. The firm said investors who have lost money in their POET Technologies investment should contact it to learn about potential recovery options.
The complaint alleges that POET Technologies misrepresented its tax status, which the company may have been required to treat as a passive foreign investment company (PFIC) under U.S. tax laws. The filing states that if PFIC status was not properly reported by each U.S. stockholder, it could have negative tax implications for those stockholders.
The complaint further alleges that the tax issue, if discovered, would have made POET Technologies a less attractive investment than it otherwise would have been, potentially threatening the company’s valuation.
In addition, the complaint alleges that Thomas Mika, despite stating that he was not violating a non-disclosure agreement, violated a business agreement by speaking about POET Technologies business agreements in a public interview. The filing says the defendants’ statements about POET Technologies’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at relevant times.
Block & Leviton said anyone who purchased POET Technologies Inc. common stock between April 1, 2026, and April 27, 2026, and has seen their shares fall may be eligible. Eligibility was described as applying whether or not investors have sold their shares.
The deadline to seek appointment as lead plaintiff is June 29, 2026. Block & Leviton noted that a class has not yet been certified, and until certification occurs, individuals are not represented by an attorney. If no action is taken, the individual can remain an absent class member.
The firm said that individuals with non-public information about POET Technologies Inc. should consider assisting in the investigation or working with attorneys to file a report with the Securities and Exchange Commission under its whistleblower program. It stated that whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery.
Block & Leviton LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com
For whistleblowers: whistleblowers@blockleviton.com
This notice may constitute attorney advertising.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
