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Ongoing Investigation: Faruqi & Faruqi and Maravai LifeSciences

Faruqi & Faruqi LLP, a prominent national securities law firm, has initiated an investigation into potential claims concerning Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI). Their inquiry focuses on investors who suffered losses exceeding $50,000 between August 7, 2024, and February 24, 2025. Investors are encouraged to reach out to partner James (Josh) Wilson to explore their legal rights and options moving forward. Those impacted may contact him directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Background of the Investigation

On April 15, 2025, Faruqi & Faruqi publicly announced the initiation of their investigation, pointing out the impending deadline of May 5, 2025, for investors wishing to assume the role of lead plaintiff in a federal securities class action. The investigation stems from serious allegations that Maravai and its executives violated federal securities laws through false statements and a failure to disclose critical information regarding the company's financial practices and revenue recognition processes.

According to the allegations, Maravai LifeSciences showcased significant deficiencies in its internal controls related to financial reporting, thereby misrepresenting its revenue and goodwill. Notably, the company wrongly recognized approximately $3.9 million in revenue during the second quarter of 2024; this revenue should have been recorded in the third quarter instead, as the company failed to properly assess its revenue recognition policies.

Further compounding the situation, Maravai announced on February 25, 2025, that it was postponing its fiscal 2024 earnings release and delaying its 10-K annual report filing due to identified concerns over its revenue recognition. This shocking revelation led to a significant decrease in share prices—by as much as 21.70%, with shares closing at $3.14 on the same day. Such a plunge indicates a troubling outlook among investors and affirms the importance of the ongoing investigation by Faruqi & Faruqi.

What Investors Should Know

As legal proceedings unfold, potential class members are encouraged to understand their rights and options. The court will designate a lead plaintiff who must not only have a significant financial stake in the claims but also represent the interests of all class members. Investors may elect to either actively participate as a lead plaintiff or opt to remain as passive class members in the proceedings.

Faruqi & Faruqi also welcomes any whistleblowers, former employees, or shareholders with information relating to Maravai's conduct to reach out, thereby facilitating a more comprehensive investigation.

For those who may be concerned about their investment decisions related to Maravai LifeSciences, now is the time to act. Faruqi & Faruqi emphasizes the confidentiality of all communications and commits to providing thorough support as individuals navigate this challenging situation.

To learn more about the specifics of the Maravai LifeSciences class action litigation or the ongoing investigation, visit www.faruqilaw.com/MRVI or communicate directly with partner Josh Wilson at the aforementioned contact numbers. Updates and additional context can also be followed through their social media channels, including LinkedIn and Facebook.

Given the serious nature of these allegations and the significant losses incurred by investors, it is imperative that those affected take immediate steps to secure their legal rights. Faruqi & Faruqi’s commitment to serving the interests of investors provides a beacon of hope in this turbulent financial landscape.