POET Technologies Inc is trading 5.1% up today at $13.16, but the company is facing multiple class-action lawsuits filed on June 15, 2026, alleging securities law violations.
- The lawsuits, filed by firms like DJS Law Group, Schall Law Firm, and Rosen Law Firm, claim the company made false and misleading statements to the market.
- Allegations include misrepresenting its tax status as a passive foreign investment company (PFIC) and its CFO violating a business agreement.
- The broader market is experiencing a rally, with major U.S. indices rising over 1% on news of a U.S.-Iran peace deal.