According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Maravai lacked adequate internal controls over financial reporting related to revenue recognition;
- as a result, Maravai inaccurately recognized revenue on certain transactions during fiscal 2024;
- its goodwill was overstated; and
- as a result of the foregoing, defendants’ positive statements about Maravai’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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