Robbins LLP investigating POET Technologies Inc. class action alleging misrepresentation of tax status as a PFIC.

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Robbins LLP said it has filed a class action on behalf of investors who purchased or otherwise acquired POET Technologies Inc. (NASDAQ: POET) securities between April 1, 2026 and 8:57 A.M. ET on April 27, 2026.

POET Technologies describes itself as a “design and development company offering photonic integrated packaging solutions based on the POET Optical Interposer™,” a platform intended to integrate electronic and photonic devices onto a single chip using wafer-level semiconductor manufacturing techniques.

Class period

April 1, 2026 - 8:57 A.M. ET on April 27, 2026

Allegations investigated

Robbins LLP said it is investigating allegations that POET Technologies misled investors regarding its status as a Passive Foreign Investment Company (PFIC).

According to the complaint, during the class period, defendants allegedly failed to disclose that:

POET Technologies misrepresented its tax status, which was likely to be deemed a PFIC under U.S. tax laws, potentially creating negative tax implications for U.S. stockholders if not properly reported.
The tax issue, if discovered, would make POET Technologies a less attractive investment than it otherwise would have been, potentially threatening the company’s valuation.
Defendant Thomas Mika, despite affirming he was not violating a non-disclosure agreement, allegedly violated a business agreement by speaking about POET Technologies’ business agreements in a public interview, potentially endangering the company’s business prospects.

The complaint further alleges that when the company revealed the truth, POET Technologies’ stock dropped, harming investors.

What shareholders can do

Robbins LLP said shareholders may be eligible to participate in the class action. Those who wish to serve as lead plaintiff must file their papers with the court by June 29, 2026. The lead plaintiff is described as a representative party who directs the litigation on behalf of other class members.

The firm also stated that shareholders do not have to participate to be eligible for recovery. If no action is taken, investors can remain absent class members.