On July 1, 2025, it was reported that a securities fraud class action complaint against Maison Solutions Inc. survived a motion to dismiss. This means material portions of the lawsuit will proceed.
The complaint alleges that Maison Solutions made materially false and/or misleading statements in its IPO Registration Statement and during the Class Period (October 5, 2023, through December 15, 2023). Allegations include failing 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.
The court's decision on March 31, 2025, for the complaint to survive the motion to dismiss indicates that the legal proceedings will continue. This exposes the company to ongoing legal costs and potential financial liabilities, creating uncertainty for investors.
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