Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of Maison Solutions Inc. due to a securities fraud class action that has survived a motion to dismiss, focusing on potential breaches of fiduciary duties by certain officers and directors [1][5] Group 1: Company Background - Maison Solutions Inc. (NASDAQ: MSS) conducted its IPO on October 5, 2023, selling 2,500,000 shares of Class A common stock at a price of $4.00 per share, resulting in net proceeds of approximately $10 million [2] - The class action complaint alleges that during the Class Period (October 5, 2023 through December 15, 2023), Maison made materially false and misleading statements regarding its business operations and relationships [4] Group 2: Allegations and Investigations - Hindenburg Research published a report on December 15, 2023, highlighting "red flags" related to potentially illegal activities involving Maison Solutions [3] - The complaint claims that Maison failed to disclose that its vendor, XHJC Holdings Inc., is a related party and that the CEO and related entities allegedly used supermarkets to defraud the EB-5 visa program, leading to misleading positive statements about the company's prospects [4]
Grabar Law Office Investigates Claims on Behalf of Shareholders of Maison Solutions Inc. (NASDAQ: MSS) as Securities Fraud Class Action Survives Motion to Dismiss