Maison Solutions, Inc. (NASDAQ: MSS)

This lawsuit is for anyone who acquired securities in Maison Solutions, Inc. (NASDAQ: MSS) from October 5, 2023 through December 15, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, in the Prospectus to the Company’s IPO, and throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by, among other things, engaging in undisclosed related party transactions for the purpose of artificially inflating the Company’s financials.

On December 15, 2023, Hindenburg Research published an investigation into Maison Solutions, alleging a number of “red flags” concerning potentially illegal activities and nefarious pumping/manipulation related to the Company. Hindenburg’s investigation uncovered potentially undisclosed related parties, liens and litigation. Hindenburg’s investigation also revealed that the Company may be “being pumped by WhatsApp chat rooms” with screenshots of chatrooms showing ‘trading plans.’ Hindenburg also reported that John Xu, the Company’s Chief Executive Officer, Chairman and President, is also the President of J&C International Group (“J&C”) a company which “support[s] immigration services for high-net-worth Chinese investors” and that J&C, John Xu and an alleged related entity, Hong Kong Supermarkets, are named as defendants in an ongoing litigation alleging defendants used supermarkets as a front to defraud the EB-5 visa program. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Maison Solutions, Inc. (NASDAQ: MSS) October 5, 2023 through December 15, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.