Maison Solutions shares fall 15.6% intraday as securities fraud investigation proceeds after motion to dismiss denied.

Maison Solutions Inc. (NASDAQ: MSS) plummeted 15.60% intraday following revelations that a securities fraud class action against the company has survived a motion to dismiss and is now stayed pending settlement. The lawsuit alleges that Maison’s officers and directors made materially false statements in its October 2023 IPO registration, including concealing a related-party vendor, XHJC Holdings Inc., and untruths about the CEO’s alleged EB-5 visa program fraud. The court’s March 31, 2025, ruling allowing key allegations to proceed, coupled with ongoing investigations into fiduciary breaches, has triggered investor concerns over governance and potential financial liabilities, driving the sharp decline. The stay ordered on October 28, 2025, suggests settlement efforts are underway, but the unresolved legal exposure and reputational damage remain bearish catalysts for the stock.