Sotera Health Company Common Stock (NASDAQ: SHC)
Company Name:Sotera Health Company Common Stock
Stock Symbol:NASDAQ: SHC
Class Period Start:11/20/2020
Class Period End (inclusive):09/19/2022
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%.