Sotera Health Company Common Stock (NASDAQ: SHC)
On September 19, 2022, a jury presiding over the first lawsuit against the Company to go to trial arising from the Company’s Ethylene Oxide (“EtO”) emissions held it liable for “willful and wanton” misconduct” in failing to prevent toxic EtO emissions and failing to warn about the severe health hazard posed by them, which caused the plaintiff’s cancer condition.
On this news, the price of Sotera’s shares plummeted, falling by $4.90 per share or approximately 33.3%.