{"id":956237,"date":"2026-04-29T16:42:40","date_gmt":"2026-04-29T20:42:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/"},"modified":"2026-04-29T16:42:40","modified_gmt":"2026-04-29T20:42:40","slug":"notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/","title":{"rendered":"Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p>MONTEREY PARK, Calif., April  29, 2026  (GLOBE NEWSWIRE) &#8212; Maison Solutions Inc. (NASDAQ:MSS) today provided notice of proposed settlement of derivative actions and settlement hearing.<\/p>\n<p align=\"center\">\n        <strong>UNITED STATES\u00a0DISTRICT COURT<\/strong>\n      <\/p>\n<p align=\"center\">\n        <strong>CENTRAL DISTRICT OF\u00a0CALIFORNIA<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: top\">IN RE MAISON SOLUTIONS INC.<br \/>DERIVATIVE LITIGATION<\/td>\n<td colspan=\"4\" style=\"vertical-align: middle;text-align: left;padding-left: 15.0px;vertical-align: middle\">Case No. 2:24-cv-02897-SPG-KS<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:47%;width:47%;min-width:47%;border-top: solid black 1pt;border-right: solid black 1pt;text-align: justify;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td rowspan=\"2\" style=\"max-width:1%;width:1%;min-width:1%;text-align: justify;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:51%;width:51%;min-width:51%;text-align: justify;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;vertical-align: middle\">\n<p>This Document Relates to:<\/p>\n<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ALL ACTIONS<\/p>\n<\/td>\n<td colspan=\"2\" style=\"text-align: justify;vertical-align: middle;vertical-align: middle\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"max-width:1%;min-width:1%\">\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\">\n        <strong>Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action:<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:5%;width:5%;min-width:5%;vertical-align: top\">\n            <strong>To:<\/strong>\n          <\/td>\n<td style=\"max-width:95%;width:95%;min-width:95%;vertical-align: top\">\n            <strong>ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF MAISON<br \/>SOLUTIONS INC. (\u201cMAISON\u201d OR THE \u201cCOMPANY\u201d) COMMON STOCK AS OF FEBRUARY 27, 2026.<br \/><\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: top\">\n            <strong>PLEASE READ THIS SUMMARY NOTICE CAREFULLY AND IN ITS ENTIRETY AS YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THE LITIGATION.<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong>YOU ARE HEREBY NOTIFIED <\/strong>that the above-captioned consolidated stockholder derivative action (the \u201cAction\u201d), is being settled on the terms set forth in a Stipulation and Agreement of Settlement dated February 27, 2026 (the \u201cStipulation\u201d).<\/p>\n<p>The Action is brought derivatively on behalf of nominal defendant Maison and alleges that, <em>inter alia<\/em>, between October 5, 2023 and December 15, 2023, at least, the Individual Defendants participated in and\/or caused Maison to participate in an ongoing immigration fraud scheme and made and\/or caused Maison to make false and misleading statements in Maison\u2019s initial public offering (\u201cIPO\u201d)-related U.S. Securities and Exchange Commission (\u201cSEC\u201d) filings regarding this misconduct, related-party transactions, and pending lawsuits involving the Company. The Action alleges that, as a result of the foregoing, the Company experienced reputational and financial harm. Defendants have denied and continue to deny each and all of the claims and allegations of wrongdoing asserted in the Action.<\/p>\n<p>Pursuant to the terms of the Settlement, Maison agrees to adopt, implement, and maintain certain corporate governance reforms that are outlined in Exhibit A to the Stipulation (the \u201cReforms\u201d). The Reforms shall be maintained for five (5) years. Maison acknowledges and agrees that the filing, pendency, and settlement of the Action was the cause of the Company\u2019s decision to adopt, implement, and maintain the Reforms. Maison also acknowledges and agrees that the Reforms confer substantial benefits to Maison and Maison\u2019s stockholders.<\/p>\n<p>In light of the substantial benefits conferred upon the Company and its stockholders, Maison\u2019s insurer(s) agreed to pay Plaintiffs\u2019 Counsel four hundred thousand dollars ($400,000.00) for their attorneys\u2019 fees and expenses (the \u201cFee and Expense Amount\u201d). Defendants also agreed to not object to the request for the Court to approve Service Awards of up to three thousand dollars ($3,000.00) for each of the two Plaintiffs, to be paid from the Fee and Expense Amount.<\/p>\n<p>On August 12, 2026 at 1:30 p.m., a hearing (the \u201cSettlement Hearing\u201d) will be held before the Honorable Sherilyn Peace Garnett at the United States District Court for the Central District of California, First Street Courthouse, 350 W. 1st Street, Los Angeles, California 90012, to, among other things: (i) determine whether the Settlement should be approved as fair, reasonable, and adequate and in the best interests of the Company and its stockholders; (ii) consider any objections to the Settlement submitted in accordance with the procedures outlined in Exhibit C to the Stipulation (iii) determine whether a final judgment should be entered dismissing the Action with prejudice, and releasing the Released Claims against the Released Persons (as defined in the Stipulation); (iv) determine whether the Court should approve the agreed-to Fee and Expense Amount and Service Awards for Plaintiffs; and (v) consider such other matters as may be necessary or proper under the circumstances. <strong><em>Because this is not a class action, except as otherwise provided for in the Stipulation with respect to the Plaintiffs, no Current Maison Stockholder has the right to receive any individual compensation as a result of the Settlement. <\/em><\/strong><\/p>\n<p>This Summary Notice provides a condensed overview of certain provisions of the Stipulation and the full Notice of Pendency and Proposed Settlement of Stockholder Derivative Action (the \u201cNotice\u201d). It is not a complete statement of the events of the Action or the terms set forth in the Stipulation. This summary should be read in conjunction with, and is qualified in its entirety by reference to, the text of the Stipulation. For additional information about the claims asserted in the Action, and the terms of the proposed Settlement, you may inspect the Stipulation and its exhibits and other papers at the Clerk\u2019s office in the Court at any time during regular business hours. In addition, copies of the Stipulation and its exhibits and the Notice are available on the Investor\u00a0Relations\u00a0page\u00a0of\u00a0the\u00a0Company\u2019s\u00a0website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LSX9_E7T2stuxXOcHMV9b2OlRXafskHK9PwnB-J8in3NscIkVP72f4gJFaxuQcAjW7vp8qCjWh3u559IxyWZvEBxkz6lRvCApUFcDTRUOr46-0545DWtnGzPkQmXHmaSrw2hd4b1tKExmV4OSoMi-bSUWxAoR3y9h1LUzU8sbK3ZFPzr41FrxvsEkweo8PyhJ4r8MVkzq9toeN_Ab-c-UA==\" rel=\"nofollow\" target=\"_blank\">https:\/\/investors.maisonsolutionsinc.com\/additional-documents<\/a>.<\/p>\n<p>The Court may, in its discretion, decide to hold the Settlement Hearing telephonically or by videoconference and\/or to change the date and\/or time of the Settlement Hearing without further notice to you. If you intend to attend the Settlement Hearing, please consult the Court\u2019s calendar or\u00a0the\u00a0Investor\u00a0Relations\u00a0page\u00a0of\u00a0the\u00a0Company\u2019s\u00a0website,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LSX9_E7T2stuxXOcHMV9b2OlRXafskHK9PwnB-J8in3NscIkVP72f4gJFaxuQcAjW7vp8qCjWh3u559IxyWZvH-XEJxnopiPHkBqQewYCs2uoS11vuyaoqgrMWCxjIfM-y0uJ1CK98qcCpBNuMUD4fDyrWTt2O0zoiUC0wzkoS5q9NfBb51s0e0vD4E4-w9DB_5Nm-Tt0PVxjx4pDgU97w==\" rel=\"nofollow\" target=\"_blank\">https:\/\/investors.maisonsolutionsinc.com\/additional-documents<\/a>, for any change in the format, date, or time of the Settlement Hearing.<\/p>\n<p>Inquiries about the Action or the Settlement may be made to: Timothy Brown, The Brown Law Firm, P.C., 767 Third Avenue, Suite 2501, New York, NY 10017, Telephone: (516) 922-5427, Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3bhPWgMdphuJY4mEt3i2bTZqDPCYoYrcgUJq55AapMBYWvIwMAn0GAuxadX3SdDU2UMYSlBp3GELs7XL8b_20u9vIW5s53yPQwErYEPh6QIMASUD9gU_WNcSMoM4ccYU\" rel=\"nofollow\" target=\"_blank\">tbrown@thebrownlawfirm.net<\/a>.<\/p>\n<p>You may enter an appearance before the Court, at your own expense, individually or through counsel of your choice. If you want to object at the Settlement Hearing, you must be a Current Maison Stockholder and you must first comply with the procedures for objecting that are set forth in the Notice. <strong>Any objection to any aspect of the Settlement must be filed with the Clerk of the Court and sent to Plaintiffs\u2019 Counsel and Defendants\u2019 Counsel no later than July 22, 2026 (21 days before the Settlement Hearing)<\/strong>, in accordance with the procedures set forth in the Stipulation and the Notice. Any Current Maison Stockholder who fails to object in accordance with such procedures will be bound by the Order and Final Judgment of the Court granting final approval to the Settlement and the releases of claims therein, and shall be deemed to have waived the right to object (including the right to appeal) and forever shall be barred, in this proceeding or in any other proceeding, from raising such objection.<\/p>\n<p>\n        <strong>CURRENT MAISON STOCKHOLDERS AS OF FEBRUARY 27, 2026 WHO HAVE NO OBJECTION TO THE SETTLEMENT DO NOT NEED TO APPEAR AT THE SETTLEMENT HEARING OR TAKE ANY OTHER ACTION. <\/strong>\n      <\/p>\n<p>\n        <strong>PLEASE DO NOT CALL THE COURT OR DEFENDANTS WITH QUESTIONS ABOUT THE SETTLEMENT.<\/strong>\n      <\/p>\n<p>\n        <strong>SOURCE:<\/strong>\u00a0Maison Solutions Inc.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcwOTkyNyM3NTc0MjI0IzIyNjA0NDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NTdiNzBiZDQtZmNkZC00OGNjLWIwZWMtMGRkMGVhNDIyYzdhLTEyNzE5OTItMjAyNi0wNC0yOS1lbg==\/tiny\/Maison-Solutions-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONTEREY PARK, Calif., April 29, 2026 (GLOBE NEWSWIRE) &#8212; Maison Solutions Inc. (NASDAQ:MSS) today provided notice of proposed settlement of derivative actions and settlement hearing. UNITED STATES\u00a0DISTRICT COURT CENTRAL DISTRICT OF\u00a0CALIFORNIA IN RE MAISON SOLUTIONS INC.DERIVATIVE LITIGATION Case No. 2:24-cv-02897-SPG-KS \u00a0 \u00a0 \u00a0 \u00a0 This Document Relates to: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ALL ACTIONS \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action: To: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF MAISONSOLUTIONS INC. (\u201cMAISON\u201d OR THE \u201cCOMPANY\u201d) COMMON STOCK AS OF FEBRUARY 27, 2026. \u00a0 \u00a0 \u00a0 PLEASE READ THIS SUMMARY NOTICE CAREFULLY AND IN ITS ENTIRETY AS YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THE &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-956237","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONTEREY PARK, Calif., April 29, 2026 (GLOBE NEWSWIRE) &#8212; Maison Solutions Inc. (NASDAQ:MSS) today provided notice of proposed settlement of derivative actions and settlement hearing. UNITED STATES\u00a0DISTRICT COURT CENTRAL DISTRICT OF\u00a0CALIFORNIA IN RE MAISON SOLUTIONS INC.DERIVATIVE LITIGATION Case No. 2:24-cv-02897-SPG-KS \u00a0 \u00a0 \u00a0 \u00a0 This Document Relates to: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ALL ACTIONS \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action: To: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF MAISONSOLUTIONS INC. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/","og_locale":"en_US","og_type":"article","og_title":"Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc. - Market Newsdesk","og_description":"MONTEREY PARK, Calif., April 29, 2026 (GLOBE NEWSWIRE) &#8212; Maison Solutions Inc. (NASDAQ:MSS) today provided notice of proposed settlement of derivative actions and settlement hearing. UNITED STATES\u00a0DISTRICT COURT CENTRAL DISTRICT OF\u00a0CALIFORNIA IN RE MAISON SOLUTIONS INC.DERIVATIVE LITIGATION Case No. 2:24-cv-02897-SPG-KS \u00a0 \u00a0 \u00a0 \u00a0 This Document Relates to: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0ALL ACTIONS \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action: To: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF MAISONSOLUTIONS INC. (\u201cMAISON\u201d OR THE \u201cCOMPANY\u201d) COMMON STOCK AS OF FEBRUARY 27, 2026. \u00a0 \u00a0 \u00a0 PLEASE READ THIS SUMMARY NOTICE CAREFULLY AND IN ITS ENTIRETY AS YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THE &hellip; Continue reading \"Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-29T20:42:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcwOTkyNyM3NTc0MjI0IzIyNjA0NDI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc.","datePublished":"2026-04-29T20:42:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/"},"wordCount":1064,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcwOTkyNyM3NTc0MjI0IzIyNjA0NDI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/notice-of-proposed-settlement-of-stockholder-derivative-action-maison-solutions-inc\/","name":"Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc. - 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