NEW YORK, NY / ACCESSWIRE / December 21, 2023 / Levi & Korsinsky notifies investors that it has commenced an investigation of Maison Solutions Inc. ("Maison Solutions") (NASDAQ:MSS) concerning possible violations of federal securities laws.
On December 15, 2023, Hindenburg Research posted a scathing tweet concluding "[w]e believe $MSS is slated to suffer a similar fate to $GDHG and that retail shareholders will once again be left holding the bag on a massively overvalued company that has become bloated in size due to illegal and nefarious pumping/manipulation." Hindenburg revealed that Maison Solutions had an apparently undisclosed federal tax lien and highlighted the millions the Company spent acquiring assets from the wife of the company's Chief Executive Officer, John Xu. In addition, Hindenburg reportedly accused Xu and a related entity of being named defendants in 2020 litigation alleging that Xu and the entity used supermarkets as a front to defraud the EB-5 visa program, and observed that Maison Solutions used an underwriter for its initial public offering that has numerous FINRA violations including for "manipulative practices." In response, the price of Maison Solutions shares plummeted over 83%, on December 15, 2023. To obtain additional information, go to:
https://zlk.com/pslra-1/maison-solutions-lawsuit-submission-form?prid=61112&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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