Core Viewpoint - A securities fraud class action against Maison Solutions Inc. has survived a motion to dismiss, and the case is currently stayed as parties attempt to reach a settlement [3][4]. Group 1: Allegations and Legal Proceedings - The class action complaint alleges that Maison Solutions made materially false and misleading statements in its Registration Statement and throughout the Class Period (October 5, 2023 to December 15, 2023) [3]. - Key allegations include the failure to disclose that 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 [3]. - As a result of these allegations, the positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [3]. Group 2: Shareholder Actions - Current shareholders who purchased shares on or shortly after the October 5, 2023 IPO may seek corporate reforms, the return of funds to the company, and a court-approved incentive award at no cost [2][5]. - Shareholders are encouraged to contact Grabar Law Office for further information and assistance regarding their claims [2][5].
Important Notice to Long-Term Shareholders of Maison Solutions Inc. (MSS): Securities Fraud Class Action Approaches Settlement and Grabar Law Investigates Claims on Your Behalf