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Kirby McInerney LLP Announces Investigation Against Maravai Lifesciences Holdings, Inc. (MRVI) on Behalf of Investors

1. Law firm probes potential securities law violations by Maravai. 2. Maravai postponed Q4 and FY24 earnings release due to internal control issues. 3. Company faces goodwill impairment and revenue recognition errors. 4. Shares fell 21% following the news about earnings delay.

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FAQ

Why Very Bearish?

The significant drop in stock price indicates heavy market pessimism. Historical cases, like Enron and Theranos, show severe impacts from similar issues.

How important is it?

The article details serious allegations affecting MRVI’s financial health and investor confidence. Given the market reaction, this could lead to ongoing volatility.

Why Short Term?

Immediate concerns over financial controls could lead to further short-term declines. Over time, recovery depends on resolution of investigations.

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MRVINVTAEDIT
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Maravai Lifesciences Holdings, Inc. (“Maravai” or the “Company”) (NASDAQ:MRVI). The investigation concerns whether Maravai and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On February 25, 2025, Maravai postponed its Q4 and FY24 earnings release and delayed filing its Form 10-K. The Company attributed the delay to internal control issues, along with a potential goodwill impairment and a revenue recognition error. On this news, the price of Maravai shares declined by $0.87 per share, or approximately 21%, from $4.01 per share on February 24, 2025, to close at $3.14 on February 25, 2025. If you purchased or otherwise acquired Maravai securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out the form below to discuss your rights or interests with respect to these matters without any cost to you. [CONTACT US] Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. ContactsKirby McInerney LLPThomas W. Elrod, Esq.212-699-1180https://www.kmllp.cominvestigations@kmllp.com

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