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Class Action Lawsuit Notification for Maravai LifeSciences

On April 10, 2025, the Gross Law Firm issued a significant notice aimed at shareholders of Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI), urging those who acquired shares during a specified period to take immediate action. This alert signifies an important opportunity for investors who may have faced financial losses due to problematic practices associated with the company.

Key Details: Class Period and Allegations

The class action covers shareholders who bought MRVI shares between August 7, 2024, and February 24, 2025. During this period, it is alleged that the defendants made several materially false statements and failed to disclose crucial information. The complaint outlines serious concerns:

1. Inadequate Internal Controls: Maravai reportedly lacked proper internal controls over financial reporting, particularly in recognizing revenue.
2. Misleading Revenue Recognition: The company is accused of inaccurately reporting revenue on certain transactions throughout the fiscal year of 2024.
3. Overstated Goodwill: It is claimed that Maravai's goodwill was significantly overstated, misleading shareholders regarding the company's actual financial health.
4. Misleading Statements: The aforementioned issues led to misleading statements regarding the company's business operations and future prospects, which ultimately affected investor sentiment and stock value.

Upcoming Deadline for Shareholders

Investors interested in participating in the class action should act swiftly, as the deadline to register as a shareholder and potentially be appointed as a lead plaintiff is May 5, 2025. The Gross Law Firm encourages shareholders to register their information promptly to avoid missing out on any potential recovery.

To register, investors can visit this link.

Next Steps for Affected Shareholders

Once registered, shareholders will be enrolled in a monitoring program to receive updates regarding the status of the case from the Gross Law Firm. It is important to note that there is no cost or obligation to participate in this action.

Why Choose Gross Law Firm?

The Gross Law Firm is well-respected nationally for its work in class action lawsuits. Their commitment is to safeguard the rights of investors who have suffered due to deceitful practices and maintain a focus on corporate accountability. The firm’s mission is to combat fraudulent activities and ensure that companies adhere to responsible business practices, significantly benefiting investors affected by misleading statements.

For further inquiries or assistance, shareholders can reach out to the Gross Law Firm directly at:

• - Address: 15 West 38th Street, 12th floor, New York, NY 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Investors in Maravai LifeSciences should take this notification seriously, as timely action is crucial for the opportunity to recover losses connected to the alleged misconduct. Don’t hesitate to register before the approaching deadline and ensure your legal rights are protected.